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Top 5 traded currencies in the forex market

 

US Dollar

US Dollar is the top traded currency in the Forex market.According to the latest statistics,more than 85 % of the Forex trading is carried out in this currency.It is most favorite currency of the investors due its stable status in the international market. Even in the most horrifying recessionary days,it maintained its number 1 position.

EURO

EURO is the second most traded currency ion the world.According to the latest figures,more than 39% of the Forex trading is carried out in this currency.It is mostly popular in the European countries and their trading partners.It has quickly improved its position in the international market mostly due to stable economies in the EURO area.

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About Emaad Qureshi