As it is known, forex market allows online investments and offers a lot of investment product options.
Investment products on forex markets are primarily foreign exchange rates, commodities and stock exchange indices. Foreign exchange rates are available as foreign currency pairs which are called parities.
Parity is the exchange value between two different currencies. For instance, trading TRY for USD in a currency exchange has the same meaning as opening a long position on the USDTRY parity.
All foreign exchange rates are available as pairs, and you can trade by opening long or short position for the foreign currency you plan to buy at the relevant parity. This allows a trader to trade faster with more options without visiting a currency exchange at all. There are two types of parities on the forex market: major and exotic.