Forex is better known as the foreign exchange market “FX”, where currencies are traded 24 hours a day, 5 days a week. As the values of currencies are determined by supply and demand, individual investors can place trades on a currency that they believe will either rise or fall in value.
Out of all the currency pairs, the GBP/USD, EUR/USD, JPY/USD and CHF/USD are the most widely traded. Out of these, the EUR/USD commanded around 23% of FX transactions in 2016. If you are looking to trade currency or to make career in this field, you can get access to our trading indicators that are up to 90% accurate? Don’t believe us? Try now, $10 for 30 days.
Forex Currency Pairs are two currencies and the value of them against each other. So if the currency pair is EUR/USD, this is comparison of the value of the EUR against the USD. Do you want to know which trade you should put in? Sign up for our trading indicators now.
An OTC (over-the-counter market) is a market where commodities, currencies and stock, trade directly between two individuals without an exchange or broker.
Forex is open 24 hours a day, 5 days a week. Currency is traded worldwide on a 24-hour global timetable. If you would like to start trading, it is advisable learn from a professional on how to trade with proprietary signals and to mitigate risk.
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