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benq
Number of messages : 13
Points : 895
Date of Entry : 2015-08-25
Year : 22

Online Trading Forex : Currency Pairs

on Fri Oct 09, 2015 8:21 am
Work on the foreign exchange market embraces purchase of one currency and sale of another. Forex market is the largest financial market worldwide; its daily turnover exceeds one of the stock market by many times. People trade on Forex 24 hours a day 5 days a week. All trading operations are carried out with the foreign currency.

Currencies of different countries are traded on the market. The list of currencies contains the monetary units of most countries, which currency is convertible, i.e. can be exchanged for the monetary unit of another country. All the currencies on Forex are combined in pairs, because the rate of one currency is set against the rate of another.
 
The international organization for standardization (ISO) assigned abbreviation to all pairs. It made trading convenient because traders should know which currency pairs are hidden behind the name of quotation. There are basic and quoted currencies in the pair. As a rule, basic currency is the US dollar. Most currency operations are executed with four main currencies: the euro EUR, the Swiss franc CHF, the British pound sterling GBP and the Japanese yen JPY.

Examples of the currency pairs: GBP / USDBritish pound / US dollar- “Cable” EUR / USD Euro / US dollar - “Euro” USD / JPY US dollar / Japanese yen “Ninja” USD / CHF US dollar / Swiss franc “Swiss dollar”, or “Swissy” USD / CAD US dollar / Canadian dollar “Loonie” AUD / USD Australian dollar / US dollar “Aussie” EUR / GBP Euro / British pound “Chunnel” EUR / JPY Euro / Japanese yen “Yuppy” EUR / CHF Euro / Swiss franc “euro-franc” GBP / CHF British pound / Swiss franc “sterling-franc” GBP / JPY British pound / Japanese yen “Geppie” or “sterling-yen” CHF / JPY Swiss franc / Japanese yen NZD / USD New Zealand dollar / US dollar “New Zealand dollar” or “Qiwi” USD / ZAR US dollar / South African rand or “South African rand” ООВ/ USDSpot Gold SLV / USD Spot Silver Moreover, there is a division of the currency pairs. [/size]
 
The commonly used one is Major group – 75% of all trading operations on the market are settled with MAJOR pairs: EUR/USD, GBP/USD, USD/CHF, USD/JPY. Currency pairs, which do not involve the US dollar, are called cross-rates. They are: EUR/CHF, EUR/GBP,EUR/JPY, GBP/JPY, AUD/JPY, NZD/JPY. Every currency pair has its peculiarities and is influenced by different factors. The most important condition of successful trading on Forex is understanding of this fact by a trader. 

Trade Currencies 
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Lopez123
Number of messages : 46
Points : 981
Date of Entry : 2015-09-03
Year : 26

Re: Online Trading Forex : Currency Pairs

on Wed Oct 21, 2015 11:01 am
Good this
jakesgarland
Number of messages : 15
Points : 837
Date of Entry : 2015-09-16
Year : 28

Re: Online Trading Forex : Currency Pairs

on Sat Jan 09, 2016 5:24 am
Foreign Exchange trading is a unique financial market that works with trade partners who are virtually faceless, but completely accessible for investments in the currency. The invisibility of this market place and the wireless connectivity is enabled by a dedicated network of software and hardware infrastructure.
Mady Mackness
Number of messages : 82
Points : 667
Date of Entry : 2016-05-28
Year : 27

Re: Online Trading Forex : Currency Pairs

on Thu Aug 18, 2016 6:57 pm
In my view Forex is one of the finest works to do, but before we go ahead we need to make sure we understand things completely and gain knowledge for it, if we have that then we will definitely allow our self better platform to work with.
jamshed
Number of messages : 50
Points : 392
Date of Entry : 2017-01-22
Year : 29

Re: Online Trading Forex : Currency Pairs

on Sun Feb 05, 2017 8:39 am
All Forex trades involve the simultaneous buying of one currency and selling of another, but the currency pair itself can be thought of as a single unit, an instrument that is bought or sold. If you buy a currency pair, you buy the base currency and sell the quote currency. The bid (buy price) represents how much of the quote currency is needed for you to get one unit of the base currency. FXPRO can give you the best strategy of currency pairs.
Attary
Number of messages : 38
Points : 363
Date of Entry : 2017-02-13
Year : 22

Re: Online Trading Forex : Currency Pairs

on Thu Mar 02, 2017 7:17 am
When trading in forex you are buying one currency by using another. With online forex trading any one can deal in forex from any place in the world and possible to trade without leaving from house. Online trading differs very much form the traditional method of transacting financial instruments in the sense that most trading activities are more or less self-services. I am trading with Pepperstone broker. They have all the trading features.
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