Getting Started: Self-Traders
How does Forex works?
Currency exchange
Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD
Price changes are displayed in pips, so making or losing money depends on pips. For example if you own 100,000 currency pairs and the pip has changed 5 points from 1.3000 to 1.3005 you will earn 50$ (0.0005*100,000) Our advice to the starters is to begin dealing with small pairs.
Forex product prices are generally quoted in two or four decimals points (e.g. €/$ 1.12 or 1.1234). "pip" stands for percentage in point. In order to participate on the Forex market you will need to open an account. Brokers can give you access to the market and they offer different forex account types. If you want to enter the market with real money a minimum deposit of $25 - $25,000 is required.
1111782666
Currency exchange
Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD
Price changes are displayed in pips, so making or losing money depends on pips. For example if you own 100,000 currency pairs and the pip has changed 5 points from 1.3000 to 1.3005 you will earn 50$ (0.0005*100,000) Our advice to the starters is to begin dealing with small pairs.
Forex product prices are generally quoted in two or four decimals points (e.g. €/$ 1.12 or 1.1234). "pip" stands for percentage in point. In order to participate on the Forex market you will need to open an account. Brokers can give you access to the market and they offer different forex account types. If you want to enter the market with real money a minimum deposit of $25 - $25,000 is required.
Getting Started: Self-Traders
How does Forex works?
Currency exchange
Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD
Price changes are displayed in pips, so making or losing money depends on pips. For example if you own 100,000 currency pairs and the pip has changed 5 points from 1.3000 to 1.3005 you will earn 50$ (0.0005*100,000) Our advice to the starters is to begin dealing with small pairs.
Forex product prices are generally quoted in two or four decimals points (e.g. €/$ 1.12 or 1.1234). "pip" stands for percentage in point. In order to participate on the Forex market you will need to open an account. Brokers can give you access to the market and they offer different forex account types. If you want to enter the market with real money a minimum deposit of $25 - $25,000 is required.
Currency exchange
Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD
Price changes are displayed in pips, so making or losing money depends on pips. For example if you own 100,000 currency pairs and the pip has changed 5 points from 1.3000 to 1.3005 you will earn 50$ (0.0005*100,000) Our advice to the starters is to begin dealing with small pairs.
Forex product prices are generally quoted in two or four decimals points (e.g. €/$ 1.12 or 1.1234). "pip" stands for percentage in point. In order to participate on the Forex market you will need to open an account. Brokers can give you access to the market and they offer different forex account types. If you want to enter the market with real money a minimum deposit of $25 - $25,000 is required.
4.97
In Stock
5
1
Getting Started: Self-Traders
Getting Started: Self-Traders
eBook
$4.97
Related collections and offers
4.97
In Stock
Product Details
BN ID: | 2940014588782 |
---|---|
Publisher: | unique5stardeals |
Publication date: | 11/15/2015 |
Sold by: | Barnes & Noble |
Format: | eBook |
File size: | 267 KB |
From the B&N Reads Blog