How Currencies are quoted and what moves individual currencies?
competition
success magazine Some of the most traded currency pairs
are: EUR/USD Euro against US Dollar
USD/JPY US Dollar against Japanese Yen
GBP/USD British Pound against US Dollar
USD/CAD US Dollar against Canadian Dollar AUD/USD Australian Dollar against US
Dollar USD/CHF US Dollar against Swiss
Franc EUR/JPY Euro against Japanese Yen competition
success review The currency left of the / is called the
base currency. The currency right of the
/ is called the counter currency. When you place an order to buy the EUR/USD
for instance, you are actually buying the EUR and selling the USD. competition
success If you were to sell the pair, you would be
selling the EUR and buying the USD. So if you buy or sell a currency PAIR, you
are buying/selling the base currency.
The best way to remember is, by just thinking of the entire currency pair
as one item. If you buy it...you buy the
first currency and sell the second currency. If you sell it...you sell the
first currency and buy the second currency.
csr
magazine That means you would
to be able to short-sell with no restrictions so you could make money when the
market drops as well as when it rises. The problem with traditional stock
market or commodity trading is that the market has to go up for you to make
money. With FOREX trading you can make money in all directions
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