Let us begin with the instruments that are traded in the forex markets. The reason for this is simple; the basis of currency forex trading is to exchange one currency for another.
The most widely traded pairs are the england Pound and the US Dollar (indicated as GBP/USD), the euros rate and the US Dollar (the EUR/USD pair), the Aussie Dollar and the US Dollar (AUD/USD pair), the USD and the Japanese Yen (USD/JPY pair), and the canadian currency Dollar and the USD (USD/CAD pair). These pairs account for well over 80% of the total volume of the trading in the forex market.
The most widely traded pairs are the england Pound and the US Dollar (indicated as GBP/USD), the euros rate and the US Dollar (the EUR/USD pair), the Aussie Dollar and the US Dollar (AUD/USD pair), the USD and the Japanese Yen (USD/JPY pair), and the canadian currency Dollar and the USD (USD/CAD pair). These pairs account for well over 80% of the total volume of the trading in the forex market.
