The NOK/SEK is a minor pair on the Forex market. Like most currency crosses, it is an ideal first foray beyond the majors, offering a fantastic opportunity to diversify your portfolio and balance your risks. If you’re looking for a middling risk diversification opportunity then the NOK/SEK pair could be the perfect match to you.

Due to the cold climate and the barren soils of Norway, there is practically no agriculture in the country. That’s why it has remained one of the poorest and least developed. However, the progress and change of priorities in the world radically changed the situation in the second half of the 20th century, when it turned out that the Norwegian sea shelf was rich in oil.

For successful trading, it is desirable to have a sufficient deposit amount. This is especially important when it comes to long-term retention of the open positions, for example, in the case of trading with the carry-trade strategy, when the course dynamics may change for the several times in the short term.

If you are interested in trading the NOK/SEK currency pair, contact FxPro today and open trading account in several minutes.