Monday, April 19, 2010

Definition of FOREX Pairs

forex currency exchange

By Sharon Moran

Charting the Major Forex Pairs: Focus on Major Currencies (Wiley Trading)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 exchange

Currency 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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