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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. Forex trading often involves the simultaneous buying of one currency and selling of another.
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free currency trading