All of this comes to us during a time when there’s rising volatility in currency markets which are caused by increased debt issues in the Europe and the US and significant signs of extremely slow US economic growth. In recent months, the dollar fell down to a record low level against the Yen of Japan, dropping down by more than 4% on the day it plummeted to its record low level. Within a day of hitting the low, the dollar was back to 7.5% against the Japanese Yen.
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Forex, or foreign exchange, is the market space in which investors trade currencies. Some of the most widely-traded pairs include EURUSD (euro/dollar), GBPUSD (sterling/dollar), and USDJPY (dollar/yen). The forex trading market is global, decentralised, and trades 24 hours/day, 365 days/year. With over $5 trillion in currency traded each day, the forex space is the world’s largest and most liquid market.
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ForexCopy TOP-5 traders Monitoring FAQ ForexCopy in details Registration When you sell the currency, the opposite exists – you sell one of the base currency and buy the other. In USD/EUR at 0.84888 you sell 1 dollar and purchase 0.84888 euro.
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