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The Foreign Currency Trading market, also referred to as Forex or Foreign Exchange market, is the largest market in the world with estimated trades of over $3.2 trillion USD a day. Forex is based on the rate at which one currency can be traded for another, and is typically quoted in pairs. The world of Forex exists mainly on the Internet, allowing 24-hour market action so you can dictate when and how to trade at any given moment.
Occidental specializes in Forex, providing foreign currency solutions to individuals, corporations and financial institutions. We offer expert advice in currency trading, utilizing tips and tricks of the trade that are invaluable to new and experienced traders. Occidental provides trading charts, currency conversion tools and up-to-date quotes that will help reduce risks and capitalize on investment opportunities.
The main currencies traded in Forex include: • U.S. dollar (USD) • Euro dollar (EUR) • Japanese yen (JPY) • British pound sterling (GBP) • Swiss franc (CHF) • Canadian dollar (CAD) • Australian dollar (AUD) Currency exchange rates fluctuate based on economic factors like inflation, industrial production, interest rates, international trade and geopolitical events. These factors will influence whether you buy or sell a currency pair. The market is high in liquidity, meaning you can invest a small or large amount of money in, and sell it whenever you decide.