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Forex Market: An Intro to Major, Minor and Exotic Currency Pairs

ForEx, as the name suggests is Foreign Exchange market. Forex market is the place where people buy and sell currencies. And there are three types of currency pairs- Major currency pairs, Minor currency pairs and Exotic currency pairs. The need for Forex Market Why should anyone buy and sell currency pairs? Take you, for example; you are traveling from the US(assuming you're a US citizen) to France. You feel the need to buy a painting for your wife, from France, which you cant buy with US dollars. So you exchange the US dollars for Euro. As a result, you [...]

Forex Market: An Intro to Major, Minor and Exotic Currency Pairs2019-05-13T17:22:18+00:00