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Currency Pairs

When trading the currency markets, you are trading one fiat currency against another. The two assets which you are trading are referred to as a “Currency Pair.” Trade your preferred currency pair now.

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The market where buyers and sellers exchange different fiat currencies issued by governments is known as the Forex market. The currency markets are known as the most liquid in the world with $6 trillion in daily trading volume. This is an enormous market compared to the NYSE which boasts a daily trading volume of approximately $30 billion.

The Forex market is operated without any one centralized location with transactions conducted over the counter (OTC). One advantage of Forex is that trading is available 24 hours per day since the four major global financial centers are all in different time zones. This means that at any given time of day, there are at least one of these markets open for trading. The major hubs for the global financial market are located in New York, London, Sydney, and Tokyo.

Trading in Forex entails exchanging one fiat currency for another. You will basically be buying one currency and then selling another simultaneously. Forex markets move as a result of fluctuations in the relative strength of the two currencies that make up a currency pair.

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