Economies that participate in the Forex Market.

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To begin, we must be clear that the Forex is mainly moved by central banks, among them are:

  • Bank of Japan.
  • Bank of England.
  • Federal Reserve Bank.
  • European Central Bank.

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These are the main ones that move large amounts of money.

The secondary ones that also affect the market are:

  • Bank of America.
  • J.P Morgan.
  • Wells Fargo.
  • CitiBank.

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There are many more private banks that influence Forex, but these four that I just named are the main ones.

But we must also take into account that it is not only moved by banks, there are also Insurance, Free Investment Funds, and high-level investors. The latter are of a very low level. But nevertheless they move large amounts of money.

Forex represents an important market for investors, not because of what its task implies, but because of the trading capacity that is in it.

Countries with developed economies are its greatest attraction, however countries with developing economies also participate.

The main currencies are:

  • Euro (EUR)
  • British Pound (GBP)
  • United States Dollar (USD)
  • Swiss Franc (CHF)
  • Canadian Dollar (CAD)
  • Japanese Yen (JPY)
  • Australian Dollar (AUD)
  • New Zealand Dollar (NDZ)

These are the currencies with the highest flow of money thanks to its developed economy, the currencies that I do not name there, it is because they are called exotic currencies, they have great volatility that it is not advisable to operate for people who are starting in the forex.

The secondary currencies are:

  • Mexican Peso (MXN)
  • Chinese Yuan (CNY)
  • Russian Ruble (RBL)
  • Hong Kong dollar (DHK)
  • Singapore Dollar (SGD)
  • Turkish Lira (TRY)
  • South Korean Won (KRW)
  • South African Rand (ZAR)
  • Brazilian Real (BRL)
  • Indian Rupee INR

The major currencies are the formation of all pairs. That is to say.

EUR / USD
AUD / USD
USD / JPY

These are some of the major pairs in total all form 28 that are the main ones to trade.

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