FOREX - Foreign Exchange is the largest and most liquid market in the world with a daily turnover of about $ 4 trillion. The daily transactions volume exceeds the total turnover of the world's stock and futures exchanges combined. Forex is attractive for traders because of its high liquidity and around the clock trading.

There are major pairs EUR/USD, GBP/USD, USD/CHF, USD/JPY and "commodity" pairs - NZD/USD, AUD/USD and USD/CAD. The last three pairs may be of interest to the metals and oil traders, as they highly depend on the price changes of these resources. It is commonly known that Australia and New Zealand are major miners of industrial metals, and Canada is the largest exporter of oil to the U.S. 

Cross rates enable account managers of Professional Forex Trader to diversify their strategy by including several currency pairs in their portfolio reducing the dependence on the U.S. dollar, which is used as a reserve currency for central banks. In addition, cross rates offer a more precise bet on the release effect of various economic data in a selected country.

Available for trading are such currencies as DKK, SGD, PLN, RUB, SEK, ZAR, MXN, CZK, HUF, NOK, ILS, collectively called “exotics” because of their low liquidity. Because of the difference in interest rates they are also of interest to the trader.

Forex trading is done on margin, so the nominal size of the trader’s open positions can substantially exceed his account balance.