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(London.CityRegions.com, June 18, 2013 ) England, UK -- Forexbonus.co.uk has just released a comprehensive infographic that shows the most traded currencies in the forex trading market. This is a helpful chart to help investors see where their money needs to go for the most profit, and also shows the most successful currencies.
Foreign exchange, or forex, is the largest financial market in the world. Forex trading works by selling one type of currency in exchange for another. According to the infographic, almost 90 percent of all Forex transactions include the U.S. Dollar, which amounts to almost $2.3 in one day.
Warren Buffett, a businessman most widely considered the most successful investor of the 20th century, with a net worth of over 35 billion dollars, said “Price is what you pay, value is what you get. Whether you’re talking about socks or stocks, I like buying quality merchandize when it is marked down.” The forex trading market is the largest market in the world. According to the infograph, as much as $4 trillion is traded in a day, which is 35 tiems the New York Stock Exchange and 4 times the entire world’s GDP.
The infograph says that more than half of all forex trades happen in the UK (at 34.1 percent) and US (16.6 percent). The market continues to grow, an online technology has made it even more accessible for everyday people to join in on the market. While it’s still made up of mostly large financial institutes, individual investors have become significantly successful with forex.
If you’re interested in getting started in forex trading, Forex Bonus adds a little vocabulary to the infograph regarding the market. The type of currency you are selling is called a base currency. The currency that you are buying is known as the quote currency. The exchange rate tells you how much of the quote currency you have to spend to purchase base currency.
When you choose a long position, that means you want to buy the quote currency and sell the base currency. When you are in a short position, you want to do the opposite; you will sell the base currency and buy the quote currency. The term spread is used to explain the difference between the asking price and the bid price.
If you are interested in getting started with forex trading, visit forexbonus.co.uk for more information.
About Forex Bonus
Forex Bonus (http://www.forexbonus.co.uk/) is a website with all of the best offers on the web today. Forex Bonus gives in-depth details on some of the top brokers on the market and highlights the advantages of each broker. All brokers associated with Forex Bonus will help both new and seasoned investors. See their newly created infograph design on their homepage.
Forex Bonus
Benjamin Wrights
4157669098
news@postpressrelease.com
Source: EmailWire.Com
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