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. While there are EIGHT major currencies, there are only SEVEN major currency pairs. Compared to the crosses and exotics, price moves more frequently with the majors, which provides…
What is traded in forex? The simple answer is MONEY. Specifically, currencies. 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. The price of the currency is…
What is forex? Quite simply, it’s the global financial market that allows one to trade currencies. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. Once upon a time, before a global pandemic happened, people could actually get on airplanes and travel internationally….