forex signal provider singapore

The forex market is huge, forex signal provider singapore both in terms of size and liquidity. Hundreds and thousands of traders around the globe engage in trading of over trillion dollars on a daily basis. Hence, if you are new to forex trading, then you must first familiarize yourself with a couple of currencies that are widely traded by investors from around the globe. Read on to find more information around six popular forex currencies and their characteristics. USD is one of the most popular currencies in the world of forex trading. It is easily found as a pair with several other commonly traded currencies. In fact, the currency also serves as an intermediary in transaction where three currencies are involved. Right from the central banks to other institutional investment companies, almost every leading entity holds the currency and regards it as the global currency. The USD also plays a prominent role in the forex rate market as far as other foreign exchange currencies are concerned. It basically acts as a target or benchmark for nations that resolve to peg or fix their own currencies in accordance with the US Dollar’s value. 

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