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Considering the average daily volume, it is estimated at around $5 trillion.
Let’s take a closer look at each vital concept you require to know about the Foreign exchange market though this forex trading guide, including how to start a trade, what is leverage and top forex brokers for trading.What is forex trading?
The entire market is run by two major entities: Spreads calculated across four primary forex trading hubs in different time zones and an international bank network.
The aggregate price (of a pair) is estimated by how much one unit of the former currency (base) is worth in the latter currency (quote).Each forex pair is written by using the three-letter code.
For example, EUR/USD or euros is a currency pair involving buying United States dollars and selling the European Euro.
For example, EURGBP, GBPJPY, EURCHF.Major pairs:- These are the most popular pairs and contribute about 80% of global forex trading.