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The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD the Euro and the US Dollar. Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair. 4. Freelance. Freelancing is the next best thing to being paid more for your full time work, because professional work always pays more than unskilled. To find opportunities, let former colleagues or other personal connections that you’re available for freelance gigs. Here are some ideas on how LinkedIn could be useful for that. Or, post on marketplaces particular to your field. For instance, Mediabistro, a journalism site, allows freelancers to post profiles of their experience and services.
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Some currency pairs will have different pip values.
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This is why Forex for Ambitious Beginners has a section on self assessment, to help you determine what kind of trading personality you have.
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forex spread