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The concept of trading in the foreign exchange
Currency traders earn a difference from exchange rate fluctuations by buying and selling currencies.
The huge charm of the foreign exchange market is that the transaction cost is very low, which means that the transaction can be completed in a very short period of time. As long as a few seconds, a longer cycle transaction can be performed.
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Global currency
Almost two-thirds of world commerce involves six kinds of currencies, and they make up about 170 different currencies worldwide.
Main currency transactions include:
USD / EUR (27%)
USD / JPY (13%)
GBP / USD (12%)
AUD / USD (6%)
USD / CHF (5%)
USD / CAD (4%)