There 什麼是外匯 also be a price associated with each pair, such as 1. CAD pair it means that it costs 1.
2569 CAD to buy one USD. If the price increases to 1. 3336, then it now costs 1. 3336 CAD to buy one USD. In the forex market currencies trade in lots, called micro, mini, and standard lots.
A micro lot is 1000 worth of a given currency, a mini lot is 10,000, and a standard lot is 100,000. How Large Is the Forex Market? The forex market is unique for several reasons, mainly because of its size. Trading volume is generally very large. The largest foreign exchange markets are located in major global financial centers like London, New York, Singapore, Tokyo, Frankfurt, Hong Kong, and Sydney. The forex market is open 24 hours a day, five days a week across major financial centers across the globe. This means that you can buy or sell currencies at any time during the week.