Forex Market basic Knowledge..

[bogelfx]

yes .. it is the foundation we need to know, to know the basics of forex forex we will know more details, so we can easily understand and benefit well, a beginner should know the basics of forex trading forex before

[orchid]

Forex basic Knowledge

Currency Pair:

The market value of the shares of any rule is set to be the country's currency. For example, our market share is set at a share price.

The forex market or currency of any country's currency value is impossible. Dollars, Euro or may not have any value. For example: 1 for $ 73 to get the money. The dollar was only 0.70 euro or 0.93 Australian dollars 1 can be obtained. If such as the Japanese yen, then 1 dollar, you will receive 80 yen. So, what is the dollar value? Trade forex market in various countries of the people, the price of the dollar to buy?

---------- Post added at 04:38 PM ---------- Previous post was at 04:34 PM ----------

This is why trade the Forex market is the currency pair.

---------- Post added at 05:13 PM ---------- Previous post was at 04:38 PM ----------

For example, EUR / USD , a currency pair. There are currently 1 EUR / USD = 1.4434. This means that 1 Euro, you will receive 1.4434 dollars. Oh, I forgot, USD = United States Dollar or USD. Pulling, superseded by we called dollar.

---------- Post added at 05:29 PM ---------- Previous post was at 05:13 PM ----------

Let's do it some more currency pair

1 AUD / USD = 1.0543, 1 Australian dollar means that you will receive 1.0543 U.S. dollar.
1 GBP / USD = 1.6422, which means that 1 pound of USD 1.64 will get you.
1 NZD / USD = 0.8177, with 0.8177 means that 1 U.S. dollar New Zealand Dollar.
1 USD / JPY = 80.29, which means that 1 dollar to 80. 9 will receive Japanese Yen.
1 EUR / JPY = 115.91, 115.91 Japanese yen means that you will receive 1 euro.