Monday, April 27, 2009

six most traded currency in forex where people make money

Most Currencies are traded in USD or people call it dollar amounts called and it is measure in “lots”. One lot is usually equal to $1,000, which controls up to $100,000 in currency. in This what is known as the "margin". People control $100,000 of worth or equivanlent of currency for only 1,000 USD dollars. This is what is called “High Leverage”. I hope you guys understand it

All Currencies are always traded in pairs in the FOREX industry. Usually The pairs have a unique and only notation that expresses what currencies are being traded. The symbol for which currency money and pair will always be in the form of like this ABC/DEF. where ABC/DEF is not a real currency pair, it is just an example of a symbol for which currency currently pair being traded. In this example ABC is the symbol for one first countries currency and DEF is the symbol for another second countries currency.

here is the most common currenies known

USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound
JPN - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar

in this article, we will discuess this currencies one by one.
so in order to make money in Forex industry, you need to learn how this 6 currency and forex market

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