Tuesday, April 7, 2009

The Major Forex Currencies

Major Forex Currencies
Symbol Currency Country
USD Dollar United States
EUR Euro Member countries of the Eurozone
JPY Yen Japan
GBP Pound UK
CHF Franc Switzerland
CAD Dollar Canada
AUD Dollar Australia

A spot market is a market whereby a deal takes place at the current price, be it a currency transaction or some other financial instrument. This is different to a futures market, where contracts make take months to conclude. Whilst futures exist in Forex trading, most Forex traders use the spot market. Settlement of Spot transactions occurs within two working days.

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