Forex Basics

Table of Contents 1) Introduction to Forex Major Currencies 1 a) The U.S. Dollar. b) The Euro. c) The Japanese Yen. d) The British Pound. e) The Swiss Franc. 2) Introduction to Forex - Concepts and Terminologies 3 a) Spot rate b) Bid & ask c) Base notes and parry currency d) Quotes in terms of base currency e) Basis points or pips f) Euro overlay & cross rates 3) Introduction to Forex - Profit and Loss 5 4) Introduction to Forex - intellectual Margins 6 5) Introduction to Forex - Order Types 7 a) Market Order b) Limit Order c) Stop Order d) at one time Cancels the Other (OCO) e) IF DONE Order 1) Introduction to Forex - Major Currencies a) The U.S. Dollar. The United States long horse is the worlds main currency an universal measure to prise any other currency traded on Forex. All currencies atomic number 18 generally quoted in U.S. one dollar bill terms. Under conditions of international frugal and political unrest, the U.S.

dollar is the main safe-haven currency, which was proven particularly healthy during the Southeast Asian crisis of 1997-1998. As it was indicated, the U.S. dollar became the leading currency toward the end of the Second World War along the Breton timber Accord, as the other currencies were virtually pegged against it. The introduction of the euro in 1999 bring down the dollars importance only marginally. The other major currencies traded against the U.S. dollar are the euro, Japanese yen, British pound, and Swiss franc. b) The Euro. The euro was designed to travel the premier currency in trading by apparently being quoted in American terms. Like the U.S. dollar, the euro has a fuddled international presence stemming from members of the European Monetary Union. The currency frame lagued by unequal growth, high unemployment, and government resistance to morphologic changes. The pair was also weighed in 1999 and 2000... If you want to get a full essay, order it on our website: Orderessay

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