Friday, 26 August 2011

Who is involved is Trading currencies ?

Daily turnover inside the world's currencies comes from 2 sources:

Foreign trade (5%). companies get and sell product in foreign countries, and convert profits from foreign sales in to domestic cash.
Speculation for profit (95%).
Most traders target the foremost necessary, most liquid cash pairs. "The Majors" embrace US dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian dollar and Australian dollar. In fact, over eighty fifth of each day foreign exchange trading happens inside the most important cash pairs.

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