Forex trading currency exchange foreign market
Simply if we compare the brand new York Stock Exchange deals vs changing hands in forex, we will discover Forex market is a lot of times larger than both Collateral and Treasury markets mixed.
Forex and also “Foreign Exchange” is the location where the money of one nation is traded with another. The most important together with popular pairs of exchange in the forex market are “Euro Dollar”, and you will see this pairs in all forex display screens since “EUR/USD”. There are also lots of others pairs but sure not important and not famous as “EUR/USD” sets, like: –
1-The Uk Pound, and you will discover this pairs in all forex display screens as “GBP/USD”.
2- The japanese Yen, and you will see this pairs in all forex display screens as “USD/JPY”.
3- That Swiss Franc, and you’ll see this pairs in just about all forex display screens since “USD/CHF”.
However there is a problem in the fx until this day, there is absolutely no one central exchange where everyone can exchange this currency. All the currency traded are done over the telephone and online through the very big networks that connects all the banks, brokers and currency traders with each some others.
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