To start trading on forex, one must first learn how to read forex quotes. Foreign exchange quotes are always listed in pairs (e.g. USD/JPY 109.2): the first listed currency is known as the base currency with a constant value of 1 unit; while the currency listed in the second is known as counter. In our given example, USD/JPY 109.2 means a dollar of United States Dollar is equal to 109.2 Japanese Yen.
http://mylovelyforex.wordpress.com/2012/03/29/starting-in-forex-trading-with-currency-pairs/
No comments:
Post a Comment