Forex Trading: Learn How To Read A Forex Quote |
| Date Added: July 24, 2010 11:50:29 AM |
| Author: Dhaval |
| Category: Blogs: Internet |
| Forex is an abbreviated name for "foreign exchange." The Forex market is a non-stop cash market where the currencies of nations are bought and sold, typically via brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Euros for Japanese Yen. The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes often result from economic and political factors, such as the price of oil or political unrest. To better understand how the exchange rate can affect the value of your Forex investment, this article shows you how to read a Forex quote. Forex quotes are always expressed in pairs. In the following example, your "pair" of currencies are the U.S. Dollar (USD) and the Euro (EUR). The Forex quote, USD/EUR = 265.50, means that one U.S. dollar is equal to 265.50 Euros. The currency to the left of the / (USD in this case) is referred to as base currency and its value is always 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one USD can buy 265.50 EUR, since it is the stronger of the two currencies. Because the U.S. dollar is regarded as the central currency of the Forex market, it is always treated as the base currency in any Forex quote where it is one of the pairs. Incidentally, the U.S. Dollar is involved in nearly 90% of all Forex transactions. In this example, your "pair" of currencies are the Japanese Yen (JPY) and the Euro (EUR). The Forex quote, JPY/EUR= 175.10, means that one Japanese Yen is equal to 175.10 Euros. The currency to the left of the / (JPY in this case) is referred to as base currency and its value is 1. The currency to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one JPY can buy 175.10 EUR, since it is the stronger of the two currencies. The goal of any Forex trading system is to profit from foreign currency movements. This requires adequate training in basic Forex principles, such as performing a Technical Analysis, using Forex charts and Stop/Loss tools, and keeping up-to-date with economic and political events. In a sense, Forex training never ends. Author Bio - Hi there - i am manish shah from India and am into blogging in a big way. I am a keen follower of search engine optimization. Rapid mass traffic is a thunderous tool to get all eyes popping out on how to get traffic to your site. Is it possible to get rapid mass traffic without google to your website ?. Well , "rapid mass traffic" now its absolutely possible to do so. rapidmasstraffic.com teaches you how to copynprofit very easily and effectively. Rapid mass traffic profits has all the traffic techniques explained in detail - plus when you buy rapid mass traffic from our site, you get $ 5000 worth of free bonuses. Our site has got full rapid mass traffic review for you to understand rapid mass traffic in detail and make the best use of it. You can get details for the same at clickbank.com , but "rapid mass traffic without google" can instantly help you get in insane amounts of traffic on demand . So go ahead & buy rapid mass traffic from our site and get US $ 5000 worth of bonus downloads absolutely free. |
|
|
N/A
| billige Mietwagen Kreta Die Autovermietung Creta Car bietet billige Mietwagen Kreta und zuverlässigen, deutschsprachigen Service an. Bereits am Flughafen Heraklion stehen verschiedene Modelle aller Kategorien fuer einen unbeschwerten Urlaub bereit. Alle Preise verstehen sich als Inklusiv Preise, ohne versteckte Kosten. Vollkasko Versicherung ohne SB, freie Kilometer, kostenloser Eintrag eines Zweitfahrers und vieles mehr. Zahlreiche Informationen und Tips zu Ausflugszielen auf http://www.creta-car.de - Read more http://creta-car.de |
| (0 Reviews. Rating: Total Votes: ) | |
N/A
| Trend Corp, South Florida Interior Designers, Builders, Construction Company Trend Design + Build is a debt-free comprehensive design/construction firm specializing in luxurious interiors, custom architectural details and the most innovative construction concepts. Trend's strength lies in their unwavering team of professionals who create, execute and immerse themselves in every design detail. Their ability to follow through with each element, from it's inception on the page to its fullest potential in the field, is what creates Trend's indelible mark on the South Florida design landscape. - Read more http://trenddesignbuild.com |
| (0 Reviews. Rating: Total Votes: ) | |
N/A
| Cheap tickets to India Search and compare prices on Cheap Tickets to India and get the latest Flight Deals at Rock Bottom Prices from all major Airlines and travel agents. - Read more http://www.cheapflights.co.uk/flights/India/ |
| (0 Reviews. Rating: Total Votes: ) | |
N/A
| Binary Options Trade binary options online and make real money. - Read more http://www.trading-zone.net/ |
| (0 Reviews. Rating: Total Votes: ) | |
N/A
| Billiger Mietwagen Kreta - Creta Car Urlaub auf dieser angesagten Sonneninsel in Griechenland. Kreta lässt sich am besten mit einem Mietauto erkunden und bietet darüber hinaus jede Menge Ausflugsmöglichkeiten. Ganz unbeschwert und bereits von zu Hause aus, sollte man einen Mietwagen für Kreta reservieren. Bei Creta Car ist dies ganz kinderleicht, Preise lassen sich online zu dem gewuenschten Modell stellen und der Urlaub kann beginnen. Die Autovermietung Kreta stellt den Leihwagen bereits am Flughafen Heraklion oder Flughafen Chania fuer seine Kunden bereit. Inbegriffen sind unter anderem Vollkasko- Versicherung ohne SB, freie Kilometer, deutschsprachiger Kontakt und vieles mehr. - Read more http://www.creta-car.de |
| (0 Reviews. Rating: Total Votes: ) | |
N/A
| Search Engine Optimization Service TwizzyWeb is an Internet marketing company which offers professional Internet marketing services. With our Search Engine Optimization services such as SEO consulting, SEO audits and SEO training we can help you reach a much higher visibility and many more potential customers. Besides SEO, TwizzyWeb offers other Internet marketing services such as PPC management and conversion rate optimization. - Read more http://www.twizzyweb.com/internet-marketing-services/search-engine-optimization/ |
| (0 Reviews. Rating: Total Votes: ) | |
PR: 3
| Holiday Apartments Barcelona Holiday Apartments in Barcelona - great value, great locations and great choice with studios to apartments that sleep 12. Apartments near the beach, near Las Ramblas and with terraces. Book online - Read more http://www.barcelonaflats.co.uk |
| (1 Reviews. Rating: Total Votes: ) | |
PR: 0
| Live Stream TV Watch Live Stream TV, Sports, News and Entertainment for free at LiveStreamTV.net - Read more http://livestreamtv.net/ |
| (0 Reviews. Rating: Total Votes: ) | |
PR: 0
| Sculptra Botox CosmeticFacial Rejuvenation NJ At Advanced Skin Wisdom in New Jersey, we provide the latest cosmetic and laser procedures to reduce wrinkles caused by sun damage and aging, tighten skin, even out skin tone, smooth skin texture, and improve acne, helping women and men in the Tri-State area look and feel their best. We offer Botox Cosmetic, Dermal Fillers Juvederm, Restylane, Perlane, Radiesse and Sculptra, Laser Skin Treatments - Photofacials, IPL, Laser Hair Removal, MicroLaserPeel, Fractional Laser Skin Resurfacing, Skin Tightening, as well as Lip Augmentation, Stretch Mark Removal and Acne Scar Removal. - Read more http://www.advancedskinwisdom.com |
| (0 Reviews. Rating: Total Votes: ) | |
N/A
| Transporte Rated transport providers competitively bid to win your delivery listing. Giving you the best quote and saving both time and money. - Read more http://www.shiply.es/ |
| (0 Reviews. Rating: Total Votes: ) | |
PR: 2
| Dentist 60652 Dentist Chicago offers dentistry services at chicago. Includes child dental specialist, periodontist, gum disease, oral surgeon, dental implants, orthodontist in Chicago, Illinois, United States. - Read more http://www.archerdentalspecialists.com |
| (0 Reviews. Rating: Total Votes: ) | |
Article Details