Forex For Beginners Part 3- Major Players

Forex market trading consists of a huge volume of trades everyday but in the past this trading was only available to banks, huge corporations and currency dealers.

There was large minimum business size requirements and very strict financial requirements to be allowed to trace on the Forex market at that time. In 1998, it was made available to the general public to be allowed to trade and take advantage of the market’s extreme liquidity and strong currency exchange rates trends.

The major currencies that are traded on the Forex Market are the US dollar, the Euro, the Japanese yen, the British pound, the Swiss Franc, the Canadian dollar and Australian dollar.

The US Dollar is the most traded currency on the Forex Market. It is easier to begin trading using a currency that you are familiar with, if you happen to live in one of the countries that has currency on the market, because you can watch the newspapers and be able to judge the strength of your currency.