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A currency pair is the quotation of the relative forex majors and minors of a currency unit against the unit of another currency in the foreign exchange market. Often the slash character is omitted, alternatively the slash may be replaced by and etc.
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This market determines the foreign exchange rate. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market works forex study pdf financial institutions, and operates on several levels.
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Most traders often make their trading decisions best time frame to trade in forex exclusively on a single timeframe. For the average trader multi time frame analysis can seem a bit overwhelming and even confusing at times. One of the major reasons that traders avoid multi time frame analysis is due to the conflicting information that sometimes results from this approach.