By Sharon Moran
Forex refers to the foreign exchange market where currencies are traded. Currency trading represents the largest financial market worldwide, and it is the most liquid market. Currencies are logically grouped into pairs. - forex currency exchangeCurrency Pairs Explained
Currencies are traded in pairs. The purchase of one currency includes the sale of another and vice versa. - forex currency exchange
The Majors
There are four major currency pairs, and each major pair includes the U.S. Dollar. The majors are the Euro-Dollar, the Dollar-Yen, the Sterling-Dollar, and the Dollar-Swiss. - forex currency exchange
The Minors
There are three minor currency pairs, and each include the U.S. Dollar. The minor pairs are the Dollar-Canada, the Australian-Dollar, and the New Zealand-Dollar. - forex currency exchange
The Crosses
Cross-currency pairs are currency pairs that don't include the U.S. Dollar. The three main groups of cross-currency pairs are the Euro crosses, the Yen crosses, and the Sterling crosses. - forex currency exchange
Warning
It's important to never risk more money when currency trading than you can afford to lose without the loss affecting your well-being and lifestyle. - forex currency exchange
References
forex currency exchange
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