Forex Trading Terminology » Learn To Trade The MarketForex has its own language , that is, special terminology. The first currency in our case, the euro is the base currency , and the second the US dollar is the quote currency. It is the rate at which you exchange one currency for another. The exchange rate shows you how much of the quote currency you need if you want to buy 1 unit of the base currency. This means that 1 euro the base currency is equal to 1.
He has a monthly readership of , traders and has taught over 20, students. Read More…. The Forex market comes with its very own set of terms and jargon. Cross rate — The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is also sometimes used to refer to currency quotes which do not involve the U.
Part 2: Forex Trading Terminology - The Forex market comes with its very own set of terms and jargon. So, before you go any deeper into learning how to trade.
a is for atom book
Welcome to Tradimo! The trading and investing signals are provided for education purposes and if you use them with real money, you do so at your own risk. This lesson is useful to familiarise yourself with some of the common forex terms and trading jargon. Do not worry about memorising each term, or even understanding them straight away. This lesson is something you can constantly refer back to. There is a lot of information within this lesson and so you might find it beneficial to print this. The first thing that you will notice when we introduce you to forex trading is that we refer to what is called a currency pair.
Forex Trading Strategies for Beginners. We have compiled this comprehensive glossary of terms to be a useful reference tool for anyone learning about trading options. NextThis article serves as a beginner's handbook for trading forex. The foreign exchange market is a global decentralized or OTC market for the trading of currencies. Possibly the only honest day trading article on the internet.