Majors are the most liquid and most widely traded currency pairs in the forex market. Major currencies include: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD and NZD/USD.
Currency crosses are pairs where the US dollar is not the counter-currency. Some of the most popular and highly traded cross pairs include: EUR/GBP, EUR/JPY, EUR/CHF and GBP/JPY.
This group usually refers to currencies of countries known for their natural resources such as oil, gold and other minerals. Some of the major commodity currencies are the Australian dollar, Canadian dollar, New Zealand dollar.
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1 Lot = 100,000 Base Currencies Position: Long Leverage: 100
EUR/USD
Bid 1.1267 / Ask 1.1268
Proposed leverage is 100:1
1 Lot = 100,000 Base Currency
Value per Lot:
100,000x1.1268=112,680 USD
Margin per Lot:
112,680÷100=1,126.8 USD
Bid 1.1277 / Ask1.1278
Closing Price @ $1.1277
Value per Lot $112,770
Profit:112,770-112,680= $90
Bid 1.1257 / Ask1.1258
Closing Price @ $1.1257
Value per Lot $112,570
Loss:112,680-112,570= $110