The Forex trading is a platform that provides an advantage of 24 hours trading that it turns provides instant liquidity. Unlike other forms of trading, it has very less Commission for transaction fees and forex market provides pertinent information thereby ensuring that all the information is available at the earliest. Provides hedging by holding a long position in one currency in short in the other cancel out the future risk
The currencies are traded in pairs when buying Euro against US Dollar so the Syntax is EUR/USD where USD is counter currency while EUR is the base currency. Forex Broker reviews the quotations from time to time.
US dollar- It is the most traded currency in the currency market. US dollar is the safe haven currency which was particularly true in case of South East Asian crisis of 1997-1998.
Euro- It was designed to most trading currency as it can be traded like US dollars it is mostly the stemming currency for European Monetary Union.
Japanese yen- It is very liquid and is the third largest currency that is sensitive to the Japan stock market and real estate market.
British pound- After Euro the next traded currency is Pound; an attempt taken by the bank of England to provide high UK rates as come to Euro Zone.
Swiss Franc- It is a major component of European countries but does not belong to any European Monetary Union or G7 countries; one of the four major countries currencies.
Other current currencies include Canadian Dollar and the Australian dollar that are not so volatile or traded in high volumes in the forex market. They can only be traded against US dollars and no other currencies. FXempire Review monitor the rates from time to time.
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