FOREX SIGNALS: Forex trade alerts
are trade strategies provided by either experienced traders or market Analysts.
EXCHANGE RATE (FOREIGN
EXCHANGE RATE, FOREX RATE, FX RATE): Between two currencies is the rate at
which one currency will be exchanged for another. It is also regarded as the
value of one country’s currency in terms of another currency.
CURRENCY PAIR: The quotation of
the relative value of a currency unit against the unit of another currency in
the foreign exchange market. The currency that is used as the reference is
called the COUNTER CURRENCY or quote currency and the currency that is quoted
in relation is called the BASE CURRENCY or transaction currency. The most
traded currency pairs in the world are called the MAJORS, they
are Australian Dollar (AUD), Canadian
Dollar (CAD), Swiss Franc (CHF), Euro (EUR), Pound Sterling
(GBP), Japanese Yen (JPY), US Dollar (USD), New Zealand Dollar
(NZD).
CROSS PAIRS: The currency pairs
that do not involve the local currency, such as GBP/JPY when trading in the US.
Pairs that involve the euro are often called Euro Crosses (EUR/GBP).
SPREAD: In any market, there will
generally be a difference between the best quoted ask price and the best quote
bid price. That difference is called the BID-ASK SPREAD (or BID-OFFER SPREAD).
No comments:
Post a Comment