Automated Forex Software

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shanusweet
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Automated Forex Software

Post by shanusweet » Sat Aug 17, 2019 2:17 am

In practice, you will find that Forex traders keep their Fibo Quantum Scalper lives much simpler than that. There are four major currency pairs that account for well over half of all Forex trading. Top of the list is the EURUSD ("Fiber"), euro v. US dollar, which accounts for 27% of all trading volume. The next most heavily traded is the USDJPY (US dollar v. Japanese yen), another 13% of trading volume, followed by "Cable", the GBPUSD (pounds sterling v. US dollar), at 12%.

The fourth is the USDCHF, the "Swissie", which combines the US dollar with the Swiss franc. The majors include other currencies paired with the US dollar, such as the Australian "Aussie" (AUDUSD), the New Zealand "Kiwi" (NZDUSD), and the Canadian "Loonie" (USDCAD). These three are also known as commodity pairs, for the obvious reason that the countries involved are rich in natural resources.

The majority of Forex trading centres on these eight currencies, which for extended choice are typically combined in pairs in just another eleven ways, rather than using all the possible combinations. Already you can see that Forex is much simpler than trading in stocks. The other point to be made is that, even if you take the top 18 currency pairs, there is some duplication for research. For instance, one of them is the AUDCAD, the Australian dollar versus the Canadian dollar.

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