The forex market involves trading currencies from around the world on a daily basis, with almost two trillion dollars traded each day. The major currencies that are heavily traded include the US dollar, euro, Japanese yen, and British pound. Traders can exchange between these currencies throughout the day and night as the various markets around the globe open and close in different time zones.

1. Forex Markets Trading Internationally
Forex markettradingistradingmoney,currenciesworldwide.Mostall countriesaroundthe worldare
involvedinthe forex tradingmarket,where moneyisboughtandsold,basedonthe value of that
currencyat the time.Assome currenciesare notworthmuch, itis notgoingto be tradedheavily,asthe
currencyis worthmore,additional brokersandbankersare goingtochoose to investinthatmarketat
that time.
Forex tradingdoestake place daily,where almosttwotrilliondollarsare movedeveryday – that isa
huge amountof money.Thinkabouthow manymillionsitdoestake tobringabout a total of a trillion
and thenconsiderthatthisisdone on a dailybasis – if you wantto get involvedinwhere the moneyis,
forex tradingisone ‘setting’where moneyisexchanginghandsdaily.
The currenciesthatare tradedon the forex marketsare goingto be those from everycountryaround
the world.Everycurrencyhas it ownthree-lettersymbol thatwill representthatcountryandthe
currencythat is being traded.Forexample,the Japaneseyenisthe JPYand the UnitedStateddollaris
USD. The Britishpoundisthe GBP and the Euro isthe EUR. You can trade withinmanycurrenciesinone
day,or youcan trade to a differentcurrencyeveryday.Mostall trades througha broker,orthose any
companyare goingto require some type of fee soyouwantto be sure about the trade youare making
before makingtoomanytradeswhichare goingtoinvolve manyfees.
Tradesbetweenmarketsandcountriesare goingtohappeneveryday.Some of the mostheavilytrades
occur betweenthe Euroandthe US dollar,andthenthe US dollarandthe Japanese yen,andthenof the
othermost oftenseentradesisbetweenthe Britishpoundandthe USdollar.The tradeshappenall day,
all night,andthrough outvariousmarkets.Asone countryopenstradingfor the day anotherisclosing.
The time zonesacross the worldaffecthow the tradingtakesplace and whenthe marketsare open.
Whenyouare makinga transactionfromone marketto another,involvingone currencytoanotheryou
will notice the symbolsare usedtoexplainthe transactions.Alltransactionsare goingtolooksomething
like thisEURzzz/USDzzzthe zzz isto representthe percentagesof tradingforthe percentage of the
transaction.Otherinstancescouldlooklike thisAUSzzz/USDandsoon. Whenreadingandreviewing
your forex statementsandonline informationyouwillunderstanditall muchbetterif youare to
rememberthese symbolsof the currenciesthatare involved.
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