Forex Assets

In this video, we want to see what it is possible to trade on. As mentioned earlier, forex means currency exchange Market, which we discuss in three sets of FX Majors, FX Crosses and FX Exotics.

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But in addition to currency pairs, most forex brokers offer the possibility of trading on other items such as Spot Metals and Energies, Indices, There are also Company Shares and Cryptocurrencies.

First, let's talk about FX Majors

This section includes currency pairs with one side of one of the main currencies such as the dollar, euro or British pound.

For example, we can mention the following:

Euro vs US Dollar, US Dollar vs Japanese Yen, US Dollar vs Swiss Franc, British Pound vs US Dollar, Euro vs Japanese Yen, British Pound vs Japanese Yen and Australian Dollar vs US Dollar.

As you can see, the first or second side of these currency pairs is always one of the main currencies of the US dollar, Euro or British pound.

Due to the depth of the market and the large volume of transactions, this category of currency pairs has little spread or commission in brokerages.

In the next videos, we will talk more about spreads and trading commissions.

Next, we will talk about FX Crosses. This category includes currency pairs in which the main currencies do not participate.

From this category, we can include the Australian dollar against the Canadian dollar, the Canadian dollar against the Swiss franc, the Australian dollar against the New Zealand dollar, the Canadian dollar against the Japanese yen, the Swiss franc against the Japanese yen, the New Zealand dollar against the Canadian dollar and the Australian dollar in pointed against the Japanese yen.

In the third category related to the currency of the countries, we reach FX Exotics, which includes the currency of some countries that have a lower volume of transactions in the forex market. As a result, their spread or trading commission is high and hence they are less interesting to traders.

From this category, we can mention the following:

AUDDKK Australian Dollar vs Danish Krone

CADMXN Canadian Dollar vs Mexican Peso

CHFNOK Swiss Franc vs Norwegian Krone

CHFPLN Swiss Franc vs Polish Zloty

DKKSEK Danish Krone vs Swedish Krona

In addition to currency pairs, it is also possible to trade Spot Metals and Energies.

From metals we can have the following:

XAUUSD Gold vs US Dollar

XAGUSD Silver vs US Dollar

XPDUSD Palladium vs US Dollar

XPTUSD Platinum vs US Dollar

CUCUSD Copper vs US Dollar

Also, Spot Energies can be traded in forex brokers. We mention three of the most common examples:

WTIUSD Oil - US Crude

BRNUSD Oil - Brent Crude

NGC USD Natural Gas

Indices can also be traded in forex brokers. Indices mean the sum of a number of companies of a country or continent, whose value is traded as a set.

From this category, we can mention the following:

The most famous index is NASDAQ, which we know as US 100 CFD.

In addition, we have DAXEUR as Germany 40 Index against Euro.

Also IBXEUR refers to the Spain 40 Index against the Euro.

XINUSD is the China 50 Index against the US Dollar and ASXAUD is known as the Australia 200 Index against the Australian Dollar.

Shares of different companies such as shares of American and European companies can also be traded in some brokerages. For example, from American companies, we can mention AAPL or Apple shares, AMZN as Amazon shares, and F as Ford Motor Company shares. In addition, European companies such as ADS as the symbol of Adidas and BMW as the symbol of Bayerische Motoren Werke and NESN as the symbol of Nestle can be bought or sold.

Finally, like currencies, cryptocurrencies can be traded in most brokers.

For example, Bitcoin or BTC against the US dollar, Ethereum with the symbol ETH against the US dollar, TRON and Doge against the US dollar, and even crypto tokens such as the Suie token, which is defined on the basis of BNB, can be traded with the symbol SUIE.

In this video, you got to know the types of things that are traded in forex brokers. In the following videos, we will go step by step and introduce all the concepts in the forex market.