Forex

About Forex Trading

Common currency pair types are major, minor and exotic. 

– Major pairs consist of the most heavily traded currencies in the world such as USD/GBP and EUR/USD.
– Minors are pairs that exclude USD such as EUR/GBP or AUD/JPY.
– Exotic pairs consist of a major currency alongside a more thinly traded currency or an emerging-market economy currency such USD/TRY, USD/MXN or EUR/HUF.

The foreign exchange market is the world’s largest trading market. According to the Bank for International Settlements (BIS), the global foreign exchange trading volume in April 2022 had reached £7.5 trillion a day* which represents an increase of almost £1 trillion since 2019.

Compared with other financial markets such as stocks and bonds, the foreign exchange market has the advantages of 24-hour continuous trading, fair and transparent pricing, high liquidity and low transaction costs.