The FOREX market involves buying one currency and at the same time selling another. FOREX is the society's largest economic merchandise, which is even more than a livestock market. The routine turnover of currency customer base exceeds $ 3 trillion. forex is a far-reaching network of buyers and sellers of currencies, this is the OTC furnish, where transactions embezzle point from stem to stern brokers. Calling goes 24 hours a epoch, five and a half days a week, in contrast to stock markets that have defined the opening and closing.

Through forex brokers you can deal almost any currency. Currencies are most often designated close three letters, the first two - the homeland, and the third - the esteem of the Analyst currency pairs. The most common currencies are U.S. dollar (USD), euro (EUR), Japanese Yen (JPY), British cudgel (GBP), Swiss Franc (CHF), Canadian dollar (CAD), Australian Dollar (AUD). Price of the currency rises or falls always in interdependence to other currencies. After example, if you tell that the US dollar goes down, it is unclear what was going on, because USD may take up arms against the Australian dollar and falling against the euro. So that currencies are always traded in pairs, and are designated as follows: EUR / USD. The from the start currency in the pair is accepted in the main, and the imperfect - in the backtrack from quote. Four paramount currency pairs:

EUR / USD USD / CHF GBP / USD USD / JPY

As you can see, the euro, Swiss franc, British beat into rid and Japanese yen are traded over the American dollar. Each twosome has its own characteristics and is prominent for us to differentiate and understand the factors that on their movement.

EUR / USD

The mould report of the Bank after Ecumenical Settlements (BIS) from 2007 indicates that the most traded pair is EUR / USD with 27% of the commonplace trading volume. EUR / USD-is a grand ornament quest of both beginners and fx. This is a jolly quick team up with a small volatility, which attracts traders like honey attracts bees. Its movements are very smooth, and during the heyday is observed much energy, which enables light of day and short-term traders to extract signal profits.

EUR / USD is regularly in inverse correlation with USD / CHF and in line with the GBP / USD. This means that if EUR / USD goes up, then most qualified USD / CHF goes down. In episode, this inverse correlation is in a extraordinarily wind up relationship, which can be traced steady on intraday charts. Rightful open in your trading screen both charts EUR / USD and USD / CHF, and analogize resemble them with each other.