Entries by The Synapse Network

Best Forex Trading Strategy for Beginners

Currency correlation in forex refers to the relationship between the movements of two different currency pairs. This relationship can be either positive or negative. A positive correlation means that two currency pairs tend to move in the same direction, while a negative correlation indicates that they move in opposite directions. Understanding Currency Correlation Currency correlations […]

0 Comments/by

Currency Pair Correlations & Characteristics

Currency pairs represent the value relationship between two currencies. In the forex market, currencies are always traded in pairs because when you buy or sell one currency, you are simultaneously selling or buying another. For example, when you buy foreign currency for a trip abroad, you pay in U.S. dollars (USD) and receive the foreign […]

0 Comments/by

What is an Exotic Currency?

Exotic currencies are those that are thinly traded in foreign exchange markets and are not commonly used in global financial transactions. These currencies typically come from developing or emerging market countries and are characterized by low trading volumes, high volatility, and a lack of liquidity. Understanding Exotic Currencies An exotic currency refers to a currency […]

0 Comments/by

What are Cross Currency Pairs?

A cross currency refers to a currency pair or transaction that does not involve the U.S. dollar. In a cross currency transaction, the U.S. dollar is not used as a contract settlement currency. A cross currency pair consists of two currencies traded in the forex market that do not include the U.S. dollar. Common examples […]

0 Comments/by

What are the Major Currency Pairs?

The major pairs in forex (FX) trading are the four most heavily traded currency pairs in the global market. These pairs are: – EUR/USD (Euro/US Dollar) – USD/JPY (US Dollar/Japanese Yen) – GBP/USD (British Pound/US Dollar) – USD/CHF (US Dollar/Swiss Franc) These major currency pairs are all deliverable currencies and are part of the Group […]

0 Comments/by