FOREX currency

The foreign exchange market consists of buying currencies at a price and selling in a larger currency.

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What is FOREX?

Sell ​​coins for comparison, then work in Paris. Each piece is identified by a three-digit number, two letters of the coin, the other by a coin in the coin.

The base currency and currency is the list

The base currency is the price of a particular currency.

This currency is the purchase of currency pairs from another country.

In the above example, GBP is the base and currency of the USD. If GBP / USD is at 1.35361, it means the pound is at 1.353636.

If the pound climbs against the US dollar, the pound will cost more dollars and the price will increase. When the pound falls, the price of money goes down. So, if you think your partner's main currency is trying to strengthen against a currency, you can buy (develop) a pair. If you think he is sick, you can sell couples (short).

What does it look like?

There is a movement between "rise" and the fall of a currency pair called Pip. If GBP / USD goes from $ 1.35361 to $ 1.355471, pip will go.

The exception to this rule is that the currency is much smaller and the yen is the best known example. In this case, the pins correspond to the second decimal place.

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The numbers that appear after the pipette are called bypass tubes or pipettes.