Welcome to readers, Are you one of the people who are look for information related to Forex? Or perhaps you've first heard the term. It is reasonable if you lots of questions arise in the minds related to it. Among other things you might be looking for understanding in advance and if you are interested, you will seek to learn more deeply. On this occasion I will share about Forex sense based on what I've learned.
Understanding Forex Trading
Forex is short for Foreign Exchange (foreign exchange) that all forms of goods that can be used as a means of international payment. Examples of foreign exchange, the currency can be accepted by all countries in the world (such as the British Pound, the Euro, Japanese Yen, and others), gold, securities and other valid. While Forex trading according to my understanding is the transaction currency of a country against another country's currency is conducted online during a specific time interval for profit. So we can say that Forex is an online business.
Currency Pairs in Forex Market
In the Forex market, not all currencies are traded each country. Traded currency is the currency of developed countries only, namely the state-nagara of strong and stable economic sector. Traded currency is USD (Australian Dollar), JPY (Japanese Yen), GBP (British Pound), EURO, CHF (Swiss Franc) and AUD (Australian Dollar). The currencies are traded in pairs such as EURO / USD, GBP / USD and others. Why are currency pairs? Because every forex transaction means buying a currency and simultaneously selling the other currency simultaneously. Suppose we trade Buy EURO / USD means that at the time we bought our EURO simultaneously selling USD. Vice versa when we are Sell EURO / USD means that at the time we sell the EURO once we buy USD. Likewise with the other currency pairs.
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