4. liquidity in the market
Lee Unlike other financial markets such as New York Stock Exchange, the Forex market has no physical location or centers for the exchange of currencies.
Forex market is a market between banks is due because the market is functioning within the entire electronic network of banks, continuously over a 24 hour period. This means that the Forex market is widespread throughout the year with the lack of a central location.
The chart below shows the ten most actively traded currencies.
The US Dollar is the most traded currency, with a rate of 84.9% of all transactions. The euro's share of second place with 39.1%, while the yen is third at 19.0%
The US dollar is king
You've probably noticed how often we keep mentioning the US dollar (USD). If USD is half of each pair of major currencies, including 75% of all transactions, so we can say that "the dollar is king
According to the International Monetary Fund that includes the US Dollar 62% of official foreign exchange reserves, because almost all investors, and businesses, the central bank care about the dollar much attention
There are other reasons for the attention of the US dollar:
The US economy is the largest economy in the world
The US dollar is the reserve currency of the world
The United States Dahaokpr financial markets and most liquid in the world
The United States has a stable political system
The United States is the world's superpower militarily
The US Dollar is a way to exchange transactions.
The US Dollar is a way to exchange transactions across the country's borders, for example, that oil is priced in dollars
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