Excerpt from: Understanding Spread Betting
|
 |
| April 25, 2007 | | Knowing what you are placing spread bets on | It is important in spread betting to understand what you are placing spread bets on, and to understand the financial instruments that will give you the best likelihood of profits. In the case of currencies, major currencies are important to know. You should know the major currencies. And, because GFT Global Markets offers spot forex trading as well as spread betting, knowing about the subject of 95 percent of forex trades is important.
Here are the major currencies and their symbols:
- U.S. dollar (USD)
- Great Britain pound (GBP)
- Euro (EUR)
- Japanese yen (JPY)
- Swiss franc (CHF)
It is also worth noting three other currencies, considered major commodity currencies:
- Canadian dollar (CAD)
- New Zealand dollar (NZD)
- Australian dollar (AUD)
| | |
|
|
