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Forex currency pairs explained

forex currency pairs explained

commonly known as the exotic currency pairs, and dealing spreads can be considerably wider for these pairs as a result. Tables of Major, Minor and Exotic Currency Pairs The three tables below contain this authors attempt to create a major forex pairs list, a minor forex pairs list, and an exotic forex pairs list. Calculating your profit Take another example. On the other end of the trading spectrum, a longer term trend trader who sees an excellent directional opportunity arising in an exotic currency pair might do very well by investing some of their account capital in taking a trade in that pair consistent with.

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Brics was a term coined by Goldman Sachs to name todays new high-growth emerging economies. Dollar terms for which the ISO code is USD. Forex is short for foreign exchange, also known as FX or the currency market. So you might decide to buy 1 contract of GBP/USD, which (with InterTrader) represents a trade of 10,000. When buying, the spread always reflects the price for buying the first currency of the forex pair with the second. Forex trading is the simultaneous buying of one currency and selling another.