Forex
Basic - The currency pair
To put it very
simple, the forex market or foreign currency exchange is involve
in the exchange of one country currency to another based on the
certain exchange rate at certain point in time. Traders make profit
or losses based on the difference in both currencies pair they sold
or bought.
The
currency pairs
The are many currencies pairs being traded in the market each day,
the traders are usually trade those that are high in liquidity.
The most common currency pair which the traders trade are EUR /
USD , USD/JPY , USD/CHF , GBP/USD , AUD/USD , NZD/USD , USD/CAD
, EUR/JPY , GBP/JPY. Check our previous article for detail currency
symbols
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