Forex Currencies are traded in pairs. For example, EUR / USD, which means Euro over dollars, a typical pair would be. In this case, the euro may be called the base currency as the first currency. The second currency, which by default USD, is called the counter or quote currency. As already mentioned, the first currency in the base, so in a pair, you can obtain the amount of such currency as the amount required to find to buy a unit of the second currency. So if you are buyingCurrency pair, you need to buy the Euro, and simultaneously sell the U.S. Dollar. On the other hand, if you must sell looking to the currency pair, you can sell the Euro to the U.S. and buy dollars. As part of forex trading the most important strategies is the currency pairs, more specifically in foreign exchange business, which currency you will understand the sale or purchase. Having a good knowledge of the major currencies in the world is important in learning forex trading.
Major currencies U.S. Dollar- The U.S. dollar is the world's major currencies - a general measure to evaluate any other currency on forex trading. All currencies are usually expressed in dollars. Under the conditions of international economic and political turmoil, the dollar is the most secure currency, which was proven particularly well in recent Southeast Asian crisis. As it was specified, the dollar became the reserve currency to the end of World War II, like other currenciesalmost tied it.
Euro - The euro has been developed to the dominant currency in forex trading by simply expressed in U.S.. As the U.S. dollar, the euro has a strong international presence, which is made up of members of the European Monetary Union. The currency is due to inadequate growth, high unemployment plagued, and government resistance to structural changes. The pair was also weighed in 1999 and 2000 by outflows from foreign investors, particularly Japanese, who areforced to lose their investments in euro-denominated assets to liquidate.
Japanese Yen - The Japanese yen is the third most traded currency in the world, it has a much smaller international presence than the U.S. dollar or Euro. The yen is very liquid around the world.
British Pound - Until the end of World War II, the pound, the currency of reference. The currency is heavily traded against the euro and the U.S. dollar will be, but has a spotty presence against the othercurrencies.
Swiss Franc - The Swiss Franc is the currency of a major European country that belongs neither to the European Monetary Union nor the G-7 countries. Although the Swiss economy is relatively small, the Swiss Franc is one of the four major currencies, closely resembling the strength and quality of the Swiss economy and finance. Typically, it is believed that the Swiss Franc is a stable currency.
Canadian Dollar - Canada decided that the dollar instead of a pound sterling system because of the ubiquity of Spanish dollars in North America in the 18th Century and early 19th Century and through the standardization of the U.S. Dollar. The Province of Canada declared that all accounts in dollars of 1 January 1858 would be held, and ordered the issuance of the first official Canadian dollars in the same year.
Australian Dollar - The Australian dollar was the 14th February was introduced in 1966, not onlyreplacing the Australian pound, but also the introduction of a decimal system. Following the introduction of the Australian dollar in 1966 put the value of national currency, which manages the agreement with the Bretton Woods gold standard be, because it had been since 1954. Essentially the value of the Australian dollar has been treated with respect to gold, although in practice the U.S. dollar was used.
Related : ±7±:The Best Low Price Bread Maker & Recipe ✓ Buying Casio Men’s Watches PAW1500T-7V Right now!
0 comments:
Post a Comment