U.S. Dollar is the most traded currency, and is involved in 89% of all trades.
Austin, TX. (PRWEB) February 15, 2012
The recent Forex Impact newsletter discusses how sticking with the big eight is a powerful strategy for financial security in 2012. The Forex Impact newsletter provides video training for currency trading to make it easy for people to understand the strategies and techniques for smart currency trading.
There are 8 major currencies for Forex trading, explains Forex Impact which are:
1) United States Dollar
2) European Union Euro
3) Japanese Yen
4) British Pound
5) Swiss Franc
6) Canadian Dollar
7) Australian Dollar
8) New Zealand Dollar
These eight currencies constitute the far majority of currency trades and are very helpful for forex trading, explains Forex Impact. These are the currencies that are from stable governments and economies, and are widely regarded as some of the most stable and safest in the world, which is why they are on this list and traded the most often, reveals Forex Impact.
Out of these 8 currencies, the U.S. Dollar is the most traded currency, explains Forex Impact, and is involved in 89% of all trades. It is followed by the Euro at 37%, and the Yen at 20%, says Forex Impact.
The [Forex market offers leverage, explains Forex Impact, which is as close to a “Holy Grail” as a trader can get. 100:1 leverage offers investors a chance to make enormous profits off even relatively small movements in the Forex market, reveals Forex Impact.
When Forex trading, there is no question that investors should stick with the 8 “major currencies” traded, advises Forex Impact. Trading done with currency pairs should include two of the big eight currencies, remarks Forex Impact. The first currency listed in the pair that is being traded is the one the trader currently has, explains Forex Impact, and the second currency listed in the pair is the one the trader wishes to purchase.
Subscribe to Forex Impact video training series to get on the fast track to far more accurate trades, and have access to the techniques and trading strategies that are working in this market.