<ul><li>Covered Interest Arbitrage (CIA) involves borrowing in a low-interest-rate currency, converting to a foreign currency, investing in a high-interest-rate asset, and hedging with a forward contract.</li><li>Key terms include Spot Rate (current exchange rate) and Forward Rate (pre-agreed future rate). Common CIA pairs are USD/JPY, EUR/TRY, and AUD/JPY.</li><li>To practice CIA, choose a currency pair with interest rate differences, check swap rates on a trading platform like Exness, open trades based on positive swaps, hedge positions if needed, and manage risks.</li><li>Practicing CIA on a demo account with Exness helps understand swap rates, test strategies, and get familiar with trading tools before real trading.</li></ul>

CIA trading stands for Covered Interest Arbitrage.

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