What is Forex?
– The basics
…Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies.
The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.
The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.
It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE.
Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them.
It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you.
When you buy a currency pair…your broker is selling it to you, not ‘another trader’. 👍
Foreign Exchange Market =
It is evident, right? So what does the market share? Potatoes, sugar, dhal like Eve? No product is not the exchange market. The only thing is that currency exchange here. Clearly not the same, right? We further explained going. The bottom has a some currency
US $ - $
Euro - €
Japanese yen - ¥
British pound - £
Swiss Franc - CHF
Now we calculate the value of the legion for one rupee a unit related to these units.
USD US $ 1 = Rs. 146.28
EUR Euro 1 = Rs. 166.66
Japanese Yen JPY 1 = Rs. 1.31
GBP £ 1 = Rs. 208.16
Svs 1 franc CHF = Rs. 152.68
£ 208.16 million rupees, to take money.
The Japanese yen is one of the ad spend of Rs 1.31.
Clear, right?
Remember that well should have appreciated that the above change. For example, states
These days, the value of $ 1 million 4 years ago Yeah 148.28 million rupees, about the value of $ 100 million was previously 5.
For example, we still going. This is the future, for example, you think you are the business activity that was to go to a European country. So, you know, in the European countries use the euro currency (EUR) would. And the countries are from transactions that do not. So we, we got million euro (EUR) wanted to get back into it? We can easily do this from anywhere in the Bank or such activities. We think the foreign tour Euro 5000 will cost you. We consider Euro 5000 is calculating how many rupees is.
1 Euro = Rs. 166.665000 Euro = Rs. ? 166.66 x 50005000 Euro = Rs. 833300
That means you Euro 5000 8.33 million sale amounts. Somehow rupilay eight million euros given tistundahas tunsīya 5000 took about 2 weeks to go to a European country since Euro 5000 did you spend job done something that came to Sri Lanka in search of young woman said. Now you have to turn back to the bank when I'm million euro now worth Rs 189.50 rupees worth of euros, the bank asks you, What is the value of 5000 million euros now?
1 Euro = Rs 189.505000 Euro = Rs? 189.50 x 50005000 EUR = Rs. Do 947500
Clearly, right? So you have labala profit of Rs 114200 to exchange the money, right? The above examples have two takes, if there are a few things you need to be very clear. That is, 01. That changes with the time value of money .02 units. Transfer of the .03. Not three points clear of the bava.ihata only 02 currencies for the exchange? Or a clear ganna.maṁ euro since the beginning forget me Rs 170 to at least Euro 5000 was over 8.5 million. After several hours in one of the euro value went up from Rs 175.50. So my next Euro 5000 was again turned into rupees. I was just over one euro from a profit of Rs 5.50 to Rs 175.50 per læbuṇā.ē one euro. And profit from my Euro 5000 rose, 5000 x 5.50 = profit of 27500 (the profit can be increased by Lot size is increased. Lot size in let's know in the future.) Clear, right? Here's the kind of thing we Forex - Foreign Exchange that shoot. This means that we take a profit when their prices rise to certain currencies. Here is the episode was that Forex Market. (But this goal is to be profitable), remember that the biggest market in the world you are going to do this deal. If the image below, you can see clearly in the Forex market is a place on the 4 trillion daily. What other deals, compared with Stark's largest market Forex market is 200 times before siṭinava.dæn clear that the Forex Market is one .So our first lesson is over. The vague about where he's privet msg to karann. Answers will. !!!
– The basics
…Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies.
The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.
The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.
It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE.
Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them.
It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you.
When you buy a currency pair…your broker is selling it to you, not ‘another trader’. 👍
Foreign Exchange Market =
It is evident, right? So what does the market share? Potatoes, sugar, dhal like Eve? No product is not the exchange market. The only thing is that currency exchange here. Clearly not the same, right? We further explained going. The bottom has a some currency
US $ - $
Euro - €
Japanese yen - ¥
British pound - £
Swiss Franc - CHF
Now we calculate the value of the legion for one rupee a unit related to these units.
USD US $ 1 = Rs. 146.28
EUR Euro 1 = Rs. 166.66
Japanese Yen JPY 1 = Rs. 1.31
GBP £ 1 = Rs. 208.16
Svs 1 franc CHF = Rs. 152.68
£ 208.16 million rupees, to take money.
The Japanese yen is one of the ad spend of Rs 1.31.
Clear, right?
Remember that well should have appreciated that the above change. For example, states
These days, the value of $ 1 million 4 years ago Yeah 148.28 million rupees, about the value of $ 100 million was previously 5.
For example, we still going. This is the future, for example, you think you are the business activity that was to go to a European country. So, you know, in the European countries use the euro currency (EUR) would. And the countries are from transactions that do not. So we, we got million euro (EUR) wanted to get back into it? We can easily do this from anywhere in the Bank or such activities. We think the foreign tour Euro 5000 will cost you. We consider Euro 5000 is calculating how many rupees is.
1 Euro = Rs. 166.665000 Euro = Rs. ? 166.66 x 50005000 Euro = Rs. 833300
That means you Euro 5000 8.33 million sale amounts. Somehow rupilay eight million euros given tistundahas tunsīya 5000 took about 2 weeks to go to a European country since Euro 5000 did you spend job done something that came to Sri Lanka in search of young woman said. Now you have to turn back to the bank when I'm million euro now worth Rs 189.50 rupees worth of euros, the bank asks you, What is the value of 5000 million euros now?
1 Euro = Rs 189.505000 Euro = Rs? 189.50 x 50005000 EUR = Rs. Do 947500
Clearly, right? So you have labala profit of Rs 114200 to exchange the money, right? The above examples have two takes, if there are a few things you need to be very clear. That is, 01. That changes with the time value of money .02 units. Transfer of the .03. Not three points clear of the bava.ihata only 02 currencies for the exchange? Or a clear ganna.maṁ euro since the beginning forget me Rs 170 to at least Euro 5000 was over 8.5 million. After several hours in one of the euro value went up from Rs 175.50. So my next Euro 5000 was again turned into rupees. I was just over one euro from a profit of Rs 5.50 to Rs 175.50 per læbuṇā.ē one euro. And profit from my Euro 5000 rose, 5000 x 5.50 = profit of 27500 (the profit can be increased by Lot size is increased. Lot size in let's know in the future.) Clear, right? Here's the kind of thing we Forex - Foreign Exchange that shoot. This means that we take a profit when their prices rise to certain currencies. Here is the episode was that Forex Market. (But this goal is to be profitable), remember that the biggest market in the world you are going to do this deal. If the image below, you can see clearly in the Forex market is a place on the 4 trillion daily. What other deals, compared with Stark's largest market Forex market is 200 times before siṭinava.dæn clear that the Forex Market is one .So our first lesson is over. The vague about where he's privet msg to karann. Answers will. !!!
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