25 مارس 2011

Major Currencies

 

    as we know that every country has its own currency and in the international market every currency has a private symbol  so people can identify it among the others currencies because there are some countries have the same currency such as

    The united states of America .. USD .. is a shortcut to US dollar.

    Canada ..CAD .. is a shortcut to Canadian Dollar.

    Australia … AUD … is a shortcut to Australian Dollar.

    that’s why every currency has a private symbol.

    Trading in the Forex market is primarily focused on the sale and purchase of 4 currencies which is:

  1. EUR .. The single European currency   (Europe)

  2. JPY …Japanese Yen   (Japan)

  3. GPB .. Great Britain pound   (England)

  4. CHF .. Confidralic Helevitica Franc  (Switzerland)

in the FX market 80 percent of trading in sale and purchase the last 4 currencies.

But compared to what ??!!

when you want to buy the euro. What currency will buy it ? and when you sell it . what you will get ?

The King = USD .. is the World’s currency

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