A good Forex app is the first step to get close to trading success!

The EUR is the second most traded currency in the forex market, and the EUR/USD pair is a cornerstone of the forex market, representing a critical benchmark for global trade and investment strategies. Due to the significant impact of the EUR, other EUR pairs also attract attention from traders.

Renowned for its liquidity and widespread use in global forex markets, the Australian Dollar (AUD) holds a prominent position among traders worldwide. Notably, the AUD/USD pair stands out as one of the most actively traded currency pairs, commanding a substantial 6% share of the total trading volume in the forex market.

At the beginning of March 2022, the USD/JPY exchange rate sharply increased due to the Federal Reserve's interest rate hike policy aimed at curbing inflation, while the Bank of Japan continued to maintain negative interest rate policies to support the economy after the COVID-19 pandemic. By mid-October 2022, the USD/JPY exchange rate reached 151.94, the highest level since April 1990. Subsequently, the USD/JPY exchange rate started to decrease following reports suggesting that the Fed would ease off on interest rate hikes from December 2022, touching 127.5 by mid-January 2023.

Malaysia has become a thriving center for financial activities in recent years, with a growing interest in forex trading among its people. As investors look to diversify their portfolios and tap into global currency markets, forex trading emerges as an accessible and profitable avenue.