Foreign exchange trading, more commonly referred to as Forex, is the world’s largest and most liquid financial market with over $5 trillion in daily trading. Because forex trading has no centralized market place, currencies can be traded in whichever market is open at any given time, creating a great opportunity for investors to buy and sell currencies 24 hours a day, 5 days a week, excluding the weekends. Currencies are traded in pairs and these pairs fall under three categories: Majors, Minors and Exotics.
Major Currency Pairings
The Majors are the most in demand and most liquid pairs and always have the US dollar as one half of the pair. Some examples include the EUR/USD and the USD/JPY.
Minor Currency Pairings
The Minors are the pairs which do not include the US dollar, but contain the remaining major currencies such as the EUR, JPY and GBP. Nicknamed crosses, the minor currency pairs include the EUR/JPY and the EUR/AUD.
Exotic Currency Pairings
Exotic currency pairings are not as widely traded as the minors and majors; nevertheless, here at our platform. Traders we offer them to you. These pairs are made up of a major currency pair coupled together with a less sought after currency. Some examples include the USD/RUB and the USD/MXN.
Trade Currencies with our platform. Traders
At our platform. Traders you can trade Major, Minor and Exotic currency pairs using any of our trading platforms. No matter what time of day, even if it’s in the middle of the night you can trade 24 hours a day, 5 day a week. For more information pertaining to our Forex contract specification take a look at our Trading Conditions