#Currencies#
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Currency trading, often referred to as foreign exchange or Forex, is the purchasing and selling of currencies in the foreign exchange marketplace, done with the objective of making profits. It is referred to as 'speculative Forex trading.' Forex trading is the largest market in the world, with nearly $2 trillion traded on a daily basis, with quick growth projections. The main factor that differentiates currency trading from other types of trading is its liquidity.
US brands Switzerland a 'currency manipulator’
Photo: fxmarkets Treasury also accuses Vietnam of manipulating the exchange rate to gain “unfair competitive advantage”. The US has accused Switzerland and Vietnam of being “currency manipulators”, saying their foreign exchange interventions had prevented “effective balance of payments adjustments”.
Buying And Selling Currency Pairs- Major Currency Pairs
Major Currency Pairs
The currency pairs listed below are considered the “majors.”
These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded.
Compared to the crosses and exotics, price moves more frequently with the majors, which provide more trading opportunities.
What Is Traded In Forex?
What is traded in forex?
The simple answer is MONEY.
Because you’re not buying anything physical, forex trading can be confusing so we’ll use a simple (but imperfect) analogy to help explain.
Think of buying a currency as buying a share in a particular country, kinda like buying shares in a company.
