What are the exotic currencies ?
Exotic currencies are currencies that are not much traded on the forex market. They usually come from developing or emerging countries located in Latin America or Asia.
Among the most common exotic currencies , it should include the Brazilian real (BRL) , Mexican peso (MXN ), Chinese yuan (CNY) , the South Korean won ( KRW) , the Taiwan dollar (TWD ) Indian rupee (INR) or the Thai baht (THB) .
Who are the exotic currencies priority ?
The trading exotic currencies primarily for seasoned investors , among them , those who engage in carry trade . You must have a excellent knowledge of the forex market , fully control its trading platform and also know where to find the information that matters , which is not an easy task when it comes to exotic currencies .
For a beginner, the significant potential gain can obviously draw but again , caution is required since the exotic currencies are not intended for novices. Even someone who performs well on the major pairs like EUR / USD is not sure to succeed with exotic currencies as trading is totally different.
Exotic currencies are currencies that are not much traded on the forex market. They usually come from developing or emerging countries located in Latin America or Asia.
Among the most common exotic currencies , it should include the Brazilian real (BRL) , Mexican peso (MXN ), Chinese yuan (CNY) , the South Korean won ( KRW) , the Taiwan dollar (TWD ) Indian rupee (INR) or the Thai baht (THB) .
Who are the exotic currencies priority ?
The trading exotic currencies primarily for seasoned investors , among them , those who engage in carry trade . You must have a excellent knowledge of the forex market , fully control its trading platform and also know where to find the information that matters , which is not an easy task when it comes to exotic currencies .
For a beginner, the significant potential gain can obviously draw but again , caution is required since the exotic currencies are not intended for novices. Even someone who performs well on the major pairs like EUR / USD is not sure to succeed with exotic currencies as trading is totally different.
