currency trading forex

In an indirect quote, the quote currency is the domestic currency. This is also known as the "secondary currency" or "counter currency". Now that we've reviewed basic terminology, let's look at some of the differences between trading stocks vs. currencies. In currency trading you are always comparing one currency to another so forex is always quoted in pairs. Sometimes authors of currency research will refer to only one half of the currency pair.

what is the foreign exchange rate

It's similar to exchanging currency for a trip.

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3 trillion per day according to the preliminary global results from the 2013 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity, forex FX is the largest market in the world in terms of volume of trading.

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In other cases there are planned events such as monetary easing by a central bank that can have a short term heavy impact on the markets.

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No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website.

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