With 196 countries in the whole world, there is a handful of currency pairs to trade.The question is, which currency pair are worth trading and why?What do most traders trade? Which currency factors influence the trading success?Major Currencies Major CurrenciesThe most advisable for beginners in forex trading currencies are:· Euro (EUR) · US Dollar (USD) · British Pound (GBP) British Pound (GAP) · Japanese Yen (JPY) · Swiss Franc (CHF) · Australian Dollar (AUD)Favorite...
At the international currency trading standard abbreviations are used. In the foreign exchange (Forex) must be able to quickly assign the currencies of the respective countries. The following list indicates the currency code, country and currency..................................................AFN - Afghanistan, Afghanis ALL - Albania, Leke DZD - Algeria, Dinar USD - America (United States of America), Dollars USD - American Samoa, United States Dollars USD - American Virgin Islands,...
USD and Global TradeThe US dollar has been the one of the strongest and most established currencies in the world. Being the leader in the world’s economies, the U.S. GDP, valued over $10 trillion in 2001, is the highest. The liquidity in all of the U.S. markets and the historical returns that are made on investments have caused foreign investors to spend large amount of capital on purchases of U.S. assets. Foreign direct investments made up 40% of global net inflow to the US, and it alone,...
AUD PerformanceThe Australian dollar (AUD) has influence in the foreign currency trading markets that has many aspects that are very interesting when analyzing the trade patterns of the currency, its strengths and its weaknesses.Aud/Usd 4.8% Performance last month !Australian Dollar ResilencyWhen adverse growth impacts the Australian markets, its economy seems to find ways to bounce back from declines and continue to push forward through even the weakest global economy seen in years....
NZD - Small but SignificantNew Zealand, a small country and economy in comparison to most others in the world, is still a force in the foreign currency trading market. The New Zealand dollar (NZD) is a significant player in forex markets due to its highly developed manufacturing and service sectors that have been created within the past two decades. Being one of the most regulated countries under the Organization for Economic Co-operation and Development (OECD) has made it easier for New Zealand...
European Monetary Union After the euro was introduced as legal currency in 1999, it quickly gained a reputation of a strong, reliable currency that is heavily traded. The European Monetary Union (EMU), which is composed of 12 European countries that have adopted the euro as their currency, holds the title as the second largest economic power in the world as of 2003. Their GDP alone, valued over $6 trillion only 3 years after the euro began, due to high amounts of trade and capital flow. Running...
The Norwegian krone is outlined, along with the Australian dollar and stronger currencies 2009.The economies of Norway and Australia have been showing signs of incomparable strength. First, Norway achieved between April and June 2009, a quarterly growth of 0.3%, which cut the sequence of two consecutive quarters of contraction. Moreover the country's labor market is shown north of the crisis virtually unscathed. The unemployment rate has barely rebounded from 2.1 to 2.7%, with a maximum...
Because of the extreme volatility of the currency market, the euro goes down and down significantly from month to month with respect to USD, it becomes very difficult to invest in it.There are significant advantages of strong currency.In the current situation, no country wants to be the last to have a strong currency except USD. Some economists, according to The Wall Street Journal, are concerned that countries try to weaken their currencies to gain an advantage over its trading partners,...
Forex Currency Trading Basics for USD/CADThis blog is an introduction to forex currency trading for USD/CAD - the US dollar and Canadian dollar exchange. In order to establish a sufficient introduction, we need to start by talking about the forex market as a whole.This first section will be devoted to talking about how the forex market works, how it's different from other trading markets and the advantages to the forex market. Then we'll move on to talking about forex currency trading...
JPY Popular with Forex Traders Historically, trade of the Japanese Yen (JPY) has been a very attractive globally. Yet, in recent times the currency has taken a downward slope against the U.S. dollar and other currencies, and has become more venerable to foreign market fluctuations. Following the U.S. and European Monetary Union (EMU) economies, Japan’s economy is the third largest in the world. Their GDP is valued over $4 trillion dollar annually, and being one of the largest exporters in the...
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