Friday, July 31, 2009

The Five Most Traded Currencies in FOREX

currencies are traded in dollar amounts called 'lots'. one is equal to 1,000$, whcih control 100,000.$ in currency.
currencies are always traded in pairs in FOREX.
some of common pairs are
EUR/USD EURO /US DOLLAR "EURO"
USD / JPY US DOLLAR / JAPANESSE YEN "DOLLAR YEN"
GBD / USD BRITISH POUND / US DOLLAR "CABLE"
USD / CAD US DOLLAR / CANADIAN DOLLAR "DOLLAR CANADA"
EUR /JPY EURO / JAPANESSE "EURO YEN
this are most useful currecies

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