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What are the varieties traded in the foreign exchange market?

by Victor

In the above, we can see a variety of, such as,,, etc., but for market participants, no matter what currency is on hand, it makes no difference to proceed.

As long as we deposit it in the bank, we can trade on margin.

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But investing is also about mastering the basics.

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This mainly introduces the market trading varieties.

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(1).

This is an excellent pair of currencies that can be traded 24 hours a day.

In the Asian time zone, Australia can ensure that currency pairs can be traded during this period, so the bid-ask spread does not get worse.

2) USD/CAD.

This currency pair is caused by cross-border investment and transactions, with the United States and Canada accounting for a large proportion of each other’s transactions.

This currency has the highest circulation in the US time zone and lower circulation outside the US.

Usd/CAD is used for macro speculation on oil and doesn’t move much in a day, but it’s a good bet for the long term.

3) NZD/USD.

Compared with the Australian dollar, the economy is small and the circulation is low, but higher than the Australian dollar.

Therefore, traders usually buy and sell NZD in a carry trade.

4) Euro /.

The pair tends to rise and fall within a range, making it ideal for a range-trading strategy to profit from the spread.

Bid-ask spreads are very good in both European and American time zones.

5) Euro/pound.

Similar to euro/Swiss franc, daily volatility is small.

In European and American markets, circulation and spreads are good.

In Asian markets, bid-ask spreads will widen and circulation will decrease.

6) Other JPY crosses.

The yen is the world’s most commonly borrowed currency for the carry trade.

Most JPY crosses are used in carry trades.

The bid-ask spread is very volatile, which usually applies to macro speculation.

7) emerging.

It is only suitable for trading in relevant time zones and for long-term investments in specific countries and commodities.

It is not suitable for large transactions in a short period of time.

8) Nordic currency.

Traders should treat these currencies like emerging markets.

The only difference is that these economies are more stable and less risky.

Canadian dollar falls on hold;

The new rules sent the pound to its lowest level in nearly a year.

Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.

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