What is the word parity that we often encounter when investing in Forex markets? What do the concepts of major, minor and exotic parity refer to?
Currency PairsCurrency pair refers to the exchange rate between the currencies of two countries making the purchasing power of both currencies substantially equal.
The forex market, which can reach a trading volume of 5.5 trillion dollars a day on a global scale, attracts investors with the leverage feature that provides the advantage of high volume transactions with low collateral.
With Fiber Markets in this huge market, you can trade Major Parities, TRY crosses, Minor Parities and Exotic Pairs.