Dear visitor first of all we have to know that what are the major currencies ,the typical question came in mind that what is the currency.
Definition of Currency:
" Currency is the reflection of the conditions of a country.For example political conditions,economic conditions,law and order situations etc". If a country have better political, economic, and law and order conditions, such kind of conditions have better impact on currency.For example euro zone. If the political,economic conditions are not good then the currency of that country is lower then other.In this world almost every country have a specific currency. Top six countries with their strong currencies are America (us dollar),England (GBP), Japan (JPY), France (Swiss franc),Europe (Euro) and Canada (CAD). 2. Why we prefer major currencies: we prefer major currencies for trading because these countries have better political ,
economic and other conditions then any other country.
These countries have regular platform and reporting system.
They announce different reports for economics regularly,
they are political stable due which we can easily analyse
that currencies.It does not mean that we can not trade any
other currency then major currencies.However when you
want to trade any other less known currency then you have
to focus more time for analysis which is some time quit
difficult.For that reason we prefer major currencies.
3. Currencies always trade in pairs:
Currencies always trade
in pairs.For example, if you have 100$(us dollar) and you
want to buy British pound (GBP) then you got the British pounds.if you try to buy US dollar with US dollar it is
impossible.In other words you can say that we can not
trade any single currency.When we trade the currencies we