Currency Exchange Advice
1.What are these Exchange rates? And why do I need them?
Exchange rates give you an appraisal of how much is your currency worth in comparison to other currencies. For example, you can get 10 South African ZAR for your 1 USD at the present stage. These rates are controlled by the foreign exchange market (FOREX) which in itself is a market open to buy and sell different currencies. You are more likely to apply these rates through retail exchange market. Read more...
2. What determines these Exchange rates?
When it comes to determining currency exchange rates or exchange-rate regime as it is called, there are two primary systems used. Read more...
3. Please let me know about Foreign exchange trade market mechanisms?
Let's describe it with an example, a trader bring to an end is likely for the American dollar to move higher in price. Then this same trader decides it is equivalent for going for something bigger and having risking with 40 pips, in a hope to do something specific in order to increment for reward with 80 pips. In this moment if market goes down just against this trader's plan, then then this trader will lose his 40 pips. However, if market goes higher than this trader will gain profit of 40 pips. Read more...
