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Each transaction in the currencies market involves two different trades: the sale of one currency and the purchase of another. The two currencies involved in the trade are known as a currency pair. The Foreign Exchange Market is the largest market in the world with more than $5.5 trillion in daily turnover. It is the largest and most liquid financial market in the world. Almost 90% of all currency transactions involve the 7 major currency pairs. As a result, these currencies exhibit smooth trends and provide the tightest dealing spreads and highest level of liquidity.