forex trading forum
It's similar to exchanging currency for a trip. It's a contract between the trader and the market maker, or dealer. The trader buys a particular currency at the buy price from the market maker and sells a different currency at the selling price. The buy price is somewhat higher than the selling price. The difference between the two is called the “spread. ” This is the transaction cost to the trader, which in turn is the profit earned by the market maker. Five, more countries are adopting flexible exchange rates, which allow for natural and gradual movements. Fixed exchange rates are more likely to let the pressure build up. When market forces overwhelm them in the end, it causes huge swings in exchange rates. This is true in particular for emerging market currencies. Flexible exchange rates will make them more important global economic players.
forex program
Each currency pair has a "base" currency and a "counter" currency.
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Forex trading may seem very simple for the beginners.
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forex trading forum