11/19/2021
Trading can be done in nearly all currencies. However, a few currencies known as the majors are used in most trades. These currencies are the U.S. dollar, the euro, the British pound, the Japanese yen, the Swiss franc, the Canadian dollar, and the Australian dollar. All currencies are quoted in currency pairs. When a trade is made in forex, it has two sides—someone is buying one currency in the pair, while another individual is selling the other.
It should also be noted that not all pairs are available at most forex brokers, but many currencies trade against the U.S. dollar. For example, investors can trade the U.S. dollar with the Mexican peso or the Thai baht. However, direct trades between the peso and the baht are far less common.
Let us know what you think in the Comments Below 👇
For more Educational Posts like this, be sure to Follow Us and Turn on Post Notification 🔔