Forex

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(Example Currency Pairs)
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-Forex (FX) is short for foreign exchange and refers to the trading of one currency for another. Unlike stocks or futures, currency trading is an over-the-counter market with no central exchange.+Forex (FX) is short for foreign exchange and refers to the trading of one [[currency]] for another. Unlike stocks or futures, currency trading is an over-the-counter market with no central exchange.
-Currencies typically trade in pairs such as the [[Euro (EUR)]]-[[U.S. Dollar (USD)]] or [[U.S. Dollar (USD)]]-[[Japanese Yen (JPY)]]. Currencies common to Forex tend to be the most liquid currencies such as [[U.S. Dollar (USD)]], [[Japanese Yen (JPY)]], [[Euro (EUR)]], [[British Pound (GBP)]], [[Swiss Franc (CHF)]], [[Canadian Dollar (CAD)]], and [[Australian Dollar (AUD)/Bears]].+Currencies typically trade in pairs such as the [[Euro (EUR)]]-[[U.S. Dollar (USD)]] or [[U.S. Dollar (USD)]]-[[Japanese Yen (JPY)]]. Currencies common to Forex tend to be the most liquid currencies such as the [[U.S. Dollar (USD)]], [[Japanese Yen (JPY)]], [[Euro (EUR)]], [[British Pound (GBP)]], [[Swiss Franc (CHF)]], [[Canadian Dollar (CAD)]], and [[Australian Dollar (AUD)/Bears]].
Forex is the world's most traded market with an average daily turnover of USD $3.2 trillion. Trades occur 24 hours a day, going from one side of the globe to the other. Forex is the world's most traded market with an average daily turnover of USD $3.2 trillion. Trades occur 24 hours a day, going from one side of the globe to the other.

Revision as of 15:10, November 1, 2008

Forex (FX) is short for foreign exchange and refers to the trading of one currency for another. Unlike stocks or futures, currency trading is an over-the-counter market with no central exchange.

Currencies typically trade in pairs such as the Euro (EUR)-U.S. Dollar (USD) or U.S. Dollar (USD)-Japanese Yen (JPY). Currencies common to Forex tend to be the most liquid currencies such as the U.S. Dollar (USD), Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), and Australian Dollar (AUD)/Bears.

Forex is the world's most traded market with an average daily turnover of USD $3.2 trillion. Trades occur 24 hours a day, going from one side of the globe to the other.

Example Currency Pairs

U.S. Dollars to Euros



Euros to U.S. Dollars



U.S. Dollars to Canadian Dollars



Canadian Dollars to U.S. Dollars



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