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
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
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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 Pulling, superseded by we called dollar.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.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
khan Muhammad (2016-10-22), Mustansir (2018-07-24), sohailawan (2014-05-16)
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