Forex (the foreign exchange market) is the world’s largest financial market, with daily currency exchanges totalling more than $5 trillion. The most traded Forex major currency pairs involve the US dollar, euro, Japanese yen, British pound and Australian dollar. These currencies are considered “major” because they are the most used…
Types of Trading Instruments
Trading instruments are financial assets and contracts that can be traded on the markets. They range from equities and forward contracts to indices, currencies and metals. Stocks are the most common type of trading instrument. They represent fractional ownership in a company and are usually traded on stock exchanges. Stocks…