SuperForex-Lecture-4---Types-of-Exchange-Arrangements.-Rates-of-Exchange.

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1. What is the base currency in a pair? Give an example of a basic asset from your
everyday life.
2. What is a spread?
3. What quotation (Bid or Ask) does the trader buy/sell currencies by?
4. What market participant conducts the buying/selling in a foreign exchange market
operation?

The major part of speculations is executed on the Forex market.

Being a global market, Forex does not have a fixed place of trading and represents a huge army of traders connected by communication channels.

Trading is executed by means of phones and computers at the same time all over the world.

Consequently, trading does not stop because there are always people or organizations who want to buy or sell currencies.

Being an interbank market, Forex is in the lead among all others segments of the currency exchange market by volume of deals.

It is conversion operations (exchange deals of some amount of monetary unit of one country for the currency of another country at the exchange rate on a certain date) with their high profitability in comparison with deposit-credit operations (short-term operations of allocation and attracting missing funds in international currencies for a specified time with fixed interest) attract the most important traders.

Almost all trading instruments are traded on Forex but the most popular are USD, EUR, JPY, GBP nd CHF, which is why they are called “major currencies.” These currencies compose the major currency pairs of the Forex market – EUR/USD, GBP/USD, USD/CHF, and USD/JPY.

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