Forex trading couples
Currencies are traded in pairs in the forex market and this means that for every sale or purchase transaction take place after the first choice of a pair of currencies against the second. The purchase price of the purchase ASK high and are selling low-price sales BID so that it is little difference between the two prices is the fees received by Gulf FX company allowance fees open trading deal and called this commission or price spreads Spread difference.
The most common currencies:
Most traded currency called the major currencies. Are trading in approximately 72% of the currency against the US dollar. The other major currencies are:
Japanese Yen (JPY)
Swiss Franc (CHF)
Canadian dollar (CAD)
To start trading on the most common in the world's six currencies in direct prices, joined the trading platform (Gulf FX) now.
Currency trading against the US dollar:
The US dollar is the currency of paper which is the most widely used currency in international transactions and reserves the most dominant in the world. Many countries use the US dollar as its official currency, and many other countries is the currency on the ground by linking local currency at a fixed exchange rate against the US dollar. Is directly majority of forex trading trades against the US dollar and the rest of the transactions are made through currency pairs do not include the US dollar.