The foreign exchange market (also known as FX or forex) is the global marketplace for exchanging national currencies against one another.
Forex Cross Rates
Real-time quotes of the major currencies in comparison to other major currencies at a glance.
Forex Heat Map
An overview of real-time action in the currency markets. You can quickly spot strong and weak currencies and how strong they are in relation to one another.
Forex Market Information
Note: In India, Foreign Exchange or Forex trading is not allowed!
“FOREX” (also known as FX) stands for foreign exchange. It is the global marketplace for trading national currencies against one another. It is the largest financial market in the world because people, businesses, countries, and central banks participate in it.
Trillions of dollars are traded every day which results in good liquidity and tight spreads.
Currencies always trade in pairs because there are always two currencies involved, e.g. when you exchange U.S. dollars for euros or vice versa the currency pair is EUR/USD.
Most pairs have 4 decimal places (except Japanese yen pairs who have 2 decimal places).
A “pip” (an acronym for Point in Percentage) is the unit of measurement to express the change in value between two currencies. A pip is usually the last decimal place of a price quote.
For example: for EUR/USD, one pip is 0.0001, and for USD/JPY, one pip is 0.01.
Currency Codes & Symbols
Every currency has an international currency code and symbol.
|Pounds Sterling (UK)||GBP||£|
|New Zealand Dollar||NZD||$|
|Hong Kong Dollar||HKD||HK$|
Major Forex Pairs
The four most heavily traded currency pairs are called major pairs. At present these major currency pairs are:
- and USD/CHF.