Understand Forex Market
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SMART INVESTMENT
What is Forex Market?
Forex, or foreign exchange, is all about exchanging one currency for another. This process is important for businesses who operate internationally and need to buy or sell products in different countries. Currency exchange is also necessary when traveling to a country with a different currency than your own.
To begin online forex trading, it is essential to first understand some of the basic terms used in this market.
SMART INVESTMENT
SMART INVESTMENT Types of Forex Market Spot Forex Market Forward Forex Market Future Forex Market Options Market
SMART INVESTMENT Advantages of Forex Market 24 hours a day Market with high liquidity Leverage Wide range of currency pairs Hedging with Forex High Volatility
SMART INVESTMENT Most Traded Currency Pairs Most Traded Currency Pairs are: Euro and US dollar: EUR/USD US dollar & Japanese yen: USD/JPY British pound sterling & US dollar: GBP/USD US dollar & Swiss franc: USD/CHF New Zealand dollar & US dollar: NZD/USD
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