FOREIGN EXCHANGE RATES TODAY

Forex Markets are the largest financial markets possessing an average trading volume of about $5.1 trillion per day in 2019. Forex trading operations take place in all the major financial trading centers all over the world; thus, these trading operations tend to overlap into the different time zones globally.

Currency Conversion Rates Today

LIST OF MAJOR FOREIGN CURRENCY EXCHANGE RATE TODAY

Exchange rate is the value of one currency for the purpose of conversion to another. It is also regarded as the value of one country’s currency in relation to another currency.

Both Reference exchange rates and middle-market exchange rates are based on ISO 4217:2015 (Codes for the representation of currencies), who specifies the format for a three-letter alphabetic code and three-digit numeric code assigned to each currency.

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Forex Trading Terms

Forex Market History

In the past, because of the high financial requirements, Forex was only limited to large multinational corporations and financial institutions, such as banks. However, because of the advancement of the communications technology and also the existence of high speed internet, Forex in the late 90s is now available for everyone who is interested in trading in the Forex market.

The Forex market is the largest and the most liquid financial market in the world. Unlike the stock market and other financial market, Forex has no centralized location as it operates 24 hours a day at different locations around the world. 

Money Making Potential

Trading in the worlds largest and the most liquid financial market is one of the best ways to earn money. Here, if you know how, when, and what to trade, you can be sure that you can earn huge amounts of profit. It is a fact that a lot of people who traded in this financial market became successful and became very rich almost overnight.

As a trader, you would want to grab the opportunity to earn lots of money and of course, start a trading career in Forex. 

Forex Trading Market

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RISK WARNING

Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss at the same time. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation. Your due diligence and Forex Trading & Investments’ Education is therefore highly recommended.