The mainstream currency pairs in the foreign exchange market are mainly currency pairs containing US dollars, such as Euro/US dollar, Pound/US dollar, Australian dollar/US dollar and so on.
The most frequently traded currency in the most common currency market is called "major currency". Most currencies are bought and sold against the dollar. The dollar is the most frequently traded currency.
The next five currencies in intraday trading are:? Euro; Japanese yen (JPY); British pound (GBP); Swiss francs and Australian dollars. These six major currencies account for 90% of the global foreign exchange market.
Extended data:
Currency pair buying and selling currency
In the foreign exchange market, traders make profits by buying and selling currencies. There are two prices for money:? Buying price (also called "bid") and selling price (also called "bid").
The difference between the asking price and the buying price is the "price difference". It represents the difference between market makers buying and selling from traders.
For example, the bid/bid price of Euro/USD is1.2100/1.2200. Market makers buy 1.2 1 euro from traders, but sell it to traders at 1 .22. Traders will suffer losses if they buy and sell quickly without changing the exchange rate. This is caused by the price difference-because the trader's buying price is higher than the selling price.
In fact, the price difference is the main source of income for market makers. As in other markets, the buying price of merchants is higher than the selling price.
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