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48 means that one U. S. dollar is equal to 109. 48 Japanese yen. A speculating trader buys a currency pair if he believes the base currency will increase with respect to the quote currency, or that the corresponding exchange rate will rise. Similarly, a speculating trader sells a currency pair with the hope that the base currency will decrease in value compared to the quote currency or the quote currency will increase with regards to the base currency.
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Also, the past performance of any trading methodology is not necessarily indicative of futures results.
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However, investing in precious metals stocks carries risks beyond buying gold or silver bullion.
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