princyjohnParticipantTopics: 47 Replies: 1
If you are looking into Scion Forex Autotrader 2.0 investing in the foreign currency market (Forex), you should be aware of some of the more important terms and what they mean. This will help you to make informed decisions about trading in this market.
Currency Pairs: While trading in this market, you will buy and sell based on a pair of currencies. If you are buying US dollars (USD) in Swiss Francs (CHF), that is a currency pair. Each time you see a listing of pairs; this is what it is referring to. The first pair is the base currency and the second is the quoted currency. There are many pairs of currencies available for traders to choose from.Bid and Ask: Bid refers to what the broker wants to buy a currency at and ask refers to what the price a broker wants to sell the currency at.Cross Currency: Any pair of currencies in which the USD is not part of the pair. For example, if you saw the listing for GBP/EUR. This pair is made up of the British Pound and the Euro.
Brendan WilliamsParticipantTopics: 0 Replies: 1
Hello dear, Thanks a lot for sharing forex market related information agreed on investing in foreign currency market always risky if you don’t know basics of forex trading, Here you can start learn basics of forex market there binary options is always clear and fast. In the last few years,trading has become very popular, offering investors with a low budget a way of trading on the financial market.
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