Commander in Pips: Well, the whole system of quoting prices is very simple. Currencies are traded in pairs. All possible pairs have already been created and available for trading. Other words, you will trade not a separate currency, but the pair and the quote is an exchange rate one currency to another.
Showing posts with label How are currencies traded in the FOREX market?. Show all posts
Showing posts with label How are currencies traded in the FOREX market?. Show all posts
14 August 2011
How are currencies traded in the FOREX market?
Commander in Pips: Well, the whole system of quoting prices is very simple. Currencies are traded in pairs. All possible pairs have already been created and available for trading. Other words, you will trade not a separate currency, but the pair and the quote is an exchange rate one currency to another.
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