Lesson 1 – Forex Basics

Inviato il 9 November 2008 da Forex Staff

I know that maybe you already know this, but there are some basic points that definitely need to be addressed before we really start our course. So if you are a more advanced trader, you can skip this part and wait for tomorrow's lesson. Here it goes: The Exchange Rate The base currency is the term for the first currency in the pair. The counter currency is the term for the second currency in the pair. The exchange rate represents the number of units of the counter currency that one unit of the base currency can purchase. In a foreign exchange trade, clients are speculating ...