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What is the exchange of foreign banknotes for?
The forex market or the market trading of foreign banknotes in English Forex – an abbreviation of Foreign Exchange is the largest financial market in the world in terms of up the amount of switching more than 4 trillion dollars each day.
An exchange of paper cash in exchange for paper cash other, often in order to investigate the profit.
Pairs of banknotes and the value of the Switch
Is the exchange of banknotes couples.
The price of the exchange partner banknotes is the amount of paper cash priced that can be purchased in exchange for a unit of a banknote main.
On the way example: the European currency, paper, U.S. Green are partner banknotes the most common and actively traded in stores.
When looking for a rate of pay of the European currency versus the US dollar, you want to know how much $ (banknote priced) you can buy in exchange for 1 euro (the banknote).
If the price to pay European currency versus the US dollar 1.2356, it means that you can buy 1.2356 USD for every 1 euro.
If the price of the replacement is in an uptrend, it means that the banknote basic multiply power in exchange for paper cash.
If the price of the replacement in a downtrend, it means that the banknote basic diluted in return for paper cash.
Forex Market the forex market
With the presence of liquidity than the 4 trillion USD, a trader in the place of buying and selling a frequent every day, it can be said that the market of scrub is the most liquid in the world.
In principle, this is intended that you can you are buying any paper cash almost as you wish and at any time when the place of buying and selling key.
Hours Launch Place buying and selling is the primary factor that determines the preference exchange forex.
The forex market is open 24 hours a day for 5 days per week.
Start Switch in place of the sale and purchase of his international forefront in New Zealand and then in Australia, Asia and Europe, in the finish in the America of America, which allows the circulation of banknotes at any time of day or night from Monday to Friday.
What are the reasons that the impact on the forex market?
Keep many causes of the impact on prices payment banknotes in foreign exchange market, forex, such as Revolution, political, economic and monetary policy of the state.
However, since forex transactions immediately, the speculation is that affect mainly on the variations of the prices in the place of buying and selling.
If you predicted the traders that, for one reason or an event will undermine or weaken the paper cash specific, they will negotiate and the price in the place of buying and selling, because the supply and demand on the paper cash aid will follow within the place of buying and selling.
The greater the number of individuals who expect Freedom of the banknote towards a specific direction consists of the influence on prices in the place of buying and selling.
What needs to be done about exchange forex?
When you trade Forex then you will interfere always the partner of banknotes, which you will buy or sell banknotes in exchange for banknotes.
If you stop on the way for example, that the pound sterling will weaken in the face of the US dollar, should you are buying the GBP against the US dollar.
Or if the timing of the antibody (i.e., the timing that the U.S. dollar will), you should sell the pound versus the US dollar.
From that perspective, you can always take the order at the destination who assumes that buying and selling will move towards it so it will adds to the probability trading opportunity.
Why warn the exchange of the rub with after that?
Towards the start of the exchange Fon
