What is Forex?

                                             

"Forex"-exchange foreign valyut.Kogda person wants to trade currencies like to buy one currency and later sell is called a currency exchange or just Forex.
And all this is why the cost of each currency is constantly jumps, jumps in the cost depending on the local and global factors, respectively, can make a profit from these vibrations is called currency speculation.Euro, U.S. dollar, Swiss franc, British pound and Japanese yen is the most "tradable" currency trading Forekse.Konechno not limited to these currencies, Forex offers trading different currencies.

If all the simple words to describe how people trade on the Forex it would look like this:
Forex in most cases works online.Future for the trader is a broker forex, trading account is opened, making a deposit of money.Forex broker provides the trader a so-called "Platform Trade Forex"-application, working environment, where the trader buys and sells foreign currency online.In other words, he wants to make money on the difference in exchange rates.

In Forex currencies are traded in pairs.EUR / USD, GBP / USD, AUD / JPY, USD / CHF and so on.

The first currency in the exchange pair is called the base currency, and the second quotation.For example EUR / USD pair whose rate is equal to "EUR / USD = 1,500.Mean price of the euro in U.S. dollars will be exactly 1 euro = 1.500 U.S. dollars.The exchange rate tells the trader how much quote currency must be paid for One unit of base currency.