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Forex stands for foreign exchange (foreign exchange) and is the largest financial market in the world that enables you to trade on international currencies.
The exchange of one currency against another is often a reflection of the conditions of 'economy of a country than the economy of that country.
Until the late nineties the forex was something only for rich people who had seen large capital required to enter this market, but nowadays anyone can start making transactions in forex as it can get into this market with minimal investment.
brokers are the intermediaries in this market, they allow to operate in forex with the only interenet connection and offer services such as the continuous updating of the values \u200b\u200bof currencies and charts to interpret market trends.
In forex trading you buy a currency (currency) and automatically sells another as these are always considered in pairs.
These are the major currencies that are exchanged:
USD U.S. Dollar EUR European Euro GBP JPY Japan Yen UK Pound (Pound) CHF Swiss Franc CAD Canada Dollars AUD Australia Dollars NZD New Zealand Dollar
Suppose you want to buy the EUR / USD, if we buy the euro means that automatically sell the dollar because we believe that the market will go in that direction that is that the euro will strengthen his power against the dollar, if we believe that the dollar will increase their value, then we will purchase and sell USD.
The first of the two currencies is called the base currency and second currency or counter currency shares. Buy the base currency and then sell the second (shares) is called in technical terms to go long, buy back shares and sell the base currency is said to go short.
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