| |
![]() | |
Currency Trading Information Channel |
|
![]() |
|
|
![]() |
The Major Players in the Foreign Currency Exchange Market - FOREXSince the US dollar is the centerpiece of the market, it is normally considered the 'base' currency for quotes. In the "Majors", this includes USD/JPY, USD/CHF and USD/CAD. For these currencies and many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair. For example, a quote of USD/JPY 123.50 means that one U.S. dollar is equal to 123.50 Japanese yen. When the U.S. dollar is the base unit and a currency quote goes up, it means the dollar has appreciated in value and the other currency has weakened. If the USD/JPY quote listed above were to increase to 124.01, that would mean that the dollar is stronger because it will now buy more yen than before. Some exceptions to this rule are the British pound (GBP), the Australian dollar (AUD) and the Euro (EUR). In these cases, you might see a quote such as GBP/USD 1.4366, which means that one British pound equals 1.4366 U.S. dollars. In these three currency pairs, where the U.S. dollar is not the base rate, a rising quote means a weakening dollar, as it now takes more U.S. dollars to equal one pound, euro or Australian dollar. So if a currency quote goes higher, that increases the value of the base currency. A lower quote means the base currency is weakening. Currency pairs that do not involve the U.S. dollar are called cross currencies, but the premise is the same. For example, a quote of EUR/JPY 127.95 signifies that one Euro is equal to 127.95 Japanese yen. Chuck Cox is a Technical Writer and Industrial Scientist by professional with a background in statistics. He has used mathematical and statistical methods to invest and trade in the stock, futures, and options markets. Chuck has owned various businesses and presently operates several websites. To investigate a new business idea, visit his website, http://www.earncashathometoday.com/trading-FOREX.htm
The Best Forex Brokers and FX Trading Platforms in 2022 ABC Action News Tampa Bay What are the Benefits of Currency Trading for Corporate Leaders? Analytics Insight 4 Ways COVID Boosted Currency Trading Yonkers Tribune. 10 Best Low Spread Forex Brokers for June 2022 Business 2 Community 10 Best Forex Brokers for June 2022 Business 2 Community What Every Australian Forex Trader Needs to Know Analytics Insight 4 Reasons Environmentalists Care About Forex Trading Green Prophet Forex Forecast: Pairs in Focus DailyForex.com Dow Futures Trade Lower After Positive Week Investing.com India MERCURIA ENERGY TRADING SA SUCCESSFULLY CLOSES USD 2177500000 MULTI-CURRENCY REVOLVING CREDIT FACILITIES PR Newswire Dollar trading margins hit Sh10 in currency woes Business Daily Thousands Of Armenian Workers Face Layoffs After Dramatic Rise Of The Dram Radio Free Europe / Radio Liberty Billionaire Ron Baron Says Recent Market Weakness Offers Huge Buying Opportunity; Here Are 3 Beaten-Down Stocks Analysts Like Yahoo Finance Forex Today: Hawkish RBA Sees July Rate Hike DailyForex.com Basics of Forex Trading – Part 1 Yahoo Finance GBP/USD Forex Signal: Evenly Balanced DailyForex.com StoneX Executes First Bitcoin Cash-Settled Swap GuruFocus.com Dealing with forex market manipulators with iron hand The Financial Express Future of Bitcoin Trading in Mali London Post What is forex trading? Bankrate.com Basics of Forex Trading - Part 1 FX Empire What are the Pros and Cons of Forex Trading? RealtyBizNews Moscow Limits Foreign-Currency Trading to Shore Up Struggling Ruble The Wall Street Journal What is forex trading and how does it work? The European Sting How to Know Which Currency Pair to Trade Startup.info Forex (Foreign Exchange) Explained | US News U.S News & World Report Money Currency Definition | US News U.S News & World Report Money Proven Forex Trading Strategies that Work in 2022 BusinessLine FX trading: A loser's game? ETF Stream Trading Forex vs Futures: Key Differences IG International Is forex trading a way to make a living? Nairametrics The Most Common Warning Signs of a Forex Scam Finance Monthly Currency trading in overdrive with dollar at highest level in two decades (NYSEARCA:UUP) Seeking Alpha BC: Tips for Success in Forex Trading Punch Newspapers CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million Department of Justice What is Hedging and how can it be used in Forex Trading? Deccan Herald Forex Trading TD Ameritrade Five Myths About Forex Trading Tech Guide How to Trade Forex TD Ameritrade Best books to learn Forex Trading from scratch Free Press Journal Forex Trading Hours: Limitless Trading in an Endless Market The Coin Republic Currency Investing Makes a Comeback | RIAIntel RIAIntel.com Even the Foreign-Exchange Market Is Getting Kind of Crazy The Wall Street Journal Why forex trading is not gambling Nairametrics FOREX.com Review | The Ascent The Motley Fool How To Compare The Relative Strength Of Currencies Finance Monthly Russian Authorities Crack Down on Illegal Currency Trading The Moscow Times Changing the Top Global Currency Means Changing the Patterns of Global Trade Carnegie Endowment for International Peace Is forex trading halal or haram? The Armchair Trader How Currency Trading Works Investopedia
|