Thread: Defining Exotic Currencies and Their Impact on Forex Markets

Hi Traders

Hope you're fine and ready to make success on forex market...
The exotic currency is defines as a currency with little liquidity and limited dealing. The exotic currency is neither a minor nor a major currency. Some of the currencies that are considered minor are the Australian dollar, the Canadian dollar and the New Zealand dollar. Some of the currencies that are considered major are the Japanese yen, the Euro, the British pound, the Swiss francs and the German mark. All exotic currencies play a very important role in the forex market and are just as important as all the major currencies.
The foreign exchange market has played a very important role as the sole domain for financial institutions, most major banks and for the central banks like the United States Federal Reserve. The foreign exchange market has made some substantial profits that are made annually by these banks and financial institutions and these are now offered to you...

Nice info for new traders..