forex quotes

Forex Trading - All about a quote of the currency. FOREX is derived from the word "exchange transactions. Unlike other financial markets in the world, Forex is open 24 hours a day, there is always a major financial center open where banks, brokers, investment funds, companies , individual investors and speculators are the foreign exchange market. The accumulated foreign currency purchase and sell makes the value of your Forex investment to move up or down. There are many factors that cause fluctuations in exchange rates. political fundamental social and a country's economic environment and its policy of central banks fiscal adjustment of interest rates are some common factors. For a better understanding of how the exchange rate may affect the value of your Forex investment This article will focus on the theme of the exchange rate.
Currencies are traded in pairs and each currency has its own symbol. The euro dollar euro, Japanese yen - JPY is, as the pound - it is a pound and Swiss franc - CHF is. That is why the EUR / USD would be Euro-Dollar pair. GBP / USD pair to the pound and dollar and USD / CHF would be Dollar-Swiss franc pair, and so on and so forth. See more USD quoted first are some exceptions such as the pound, the euro-dollar, Australian dollar (AUD) and New Zealand dollar (NZD. The first currency quoted is called the base currency. This is not surprising because the U.S. dollar is considered a key foreign exchange markets and is involved in almost 90% of all Forex transactions.
As these currencies are traded on the foreign exchange market? You'll see two numbers on all Forex quotes. The first number is called the bid and the other is known (or the ASK) price. Take for example the U.S. dollar equivalent of the euro exchange rate, you will see 1.4625/1.4630. The first quotation is an offer price of 1.4625, the price at which traders are willing to buy the euro against the dollar dollar. The second number 1.4630 is the bid or ask price and the price dealers are willing to sell euros against the dollar. You will find that the difference between bid and offer price. This difference is called the spread. Based on the previous EUR / USD quote, you know that 1 Euro equals $ 1.4625.
The way profit is measured of a currency is to "seed" or a point. PIP stands for price interest point. If the EUR / USD moves from 1.4625 to 1.4655, which is 50 pips. A pip or 0.001 is the last decimal of a public exchange offer, except the Japanese yen and the rate of the Yen Cross. A price movement for the USD / JPY from 111.10 to 111.60 will be 50 pips. The goals and objectives for all traders benefit from foreign currency fluctuations. The reward for forex trading is huge and the amount of money you earn can change their lives, and eventually leads you to achieve financial freedom. This requires continuous understanding and adequate training and education on Forex. This training may include understanding technical analysis, the graphic pattern and training, business management such as stop loss and profit target and money management. And if you invest in and acquire the right forex trading, you can enjoy long term success of currency trading.