Forex Growth Chat Bot 2 Game : Studying The Forex - What Are Spreads ...Learning The Forex - What Are Spreads
inside the business of trading currencies, investors trade one currency for Yet another Based on the fluctuations of their prices. Prices of currencies inside the foreign exchange market are quoted when it comes to their value in Yet another currency. And, so as to convey this Information without having difficulties, currencies are typically quoted in pairs, for example, EUR/USD.
The first part of the quote is referred to as the base currency whilst the second part is referred to as the counter or quote currency (base/quote). For instance, if it took 1.4 euros to obtain one dollar, then the expression EUR/USD would equal 1.4/1 or 1.4. In this case, the euro could be the base currency while the United States Dollar would be the quote or counter currency.
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