Acehkids

Understanding Forex quotes can be a bit confusing for the newcomer. You are likely to see things like EUR/USD 1.2385/ 1.2390 or USD/JPY 110.2 .These may look very complicated to begin with, but are not that difficult when you see them explained. Take the USD/JPY figure for example, it simply means that the US dollar is worth 110.2 Japanese Yen. The US dollar in this case is known as the leading currency whilst the Japanese Yen is called the counter currency.  The biggest dealers in the Forex markets are the major banks and private investors. Banks are the main players in the foreign exchange of currencies. Surveys have shown that more than half of all deals made in this market were between banks the rest being made up of private investors and other financial institutions.