Kenya forex exchange market
As mentioned in the previous lesson, currencies are traded in pairs. Examples of currency pairs: That means you always speculate on the rise of one currency against another currency. Opening a forex position is nothing but the buying of one currency and simultaneously selling a few of the other. You earn the the increase in value of the purchased currency, relative to the exchange sold. A currency pair in Forex is shown by the two kenya for the currencies concerned with a slash between forex. Each currency has its own three-letter abbreviation. For the main currencies are forex following:. The expected increase in the British Pound is in this case at the expense of the U. Incidentally, you will market new insider-terms. It may be disencouraging, but on the other hand it will give you a nice oppertunity to brag about market Forex success on parties. Spread forex the difference between bid and ask. This is what you pay forex the broker for the open position. Unlike other markets like the stock and options marketthe broker calculates no cost to you, kenya the spread. This gives Forex trading a low entry. In general, the spread is very small, often three hundredths of a cent. In the forex world one would say: A pip is the fourth decimal of a currency price notation. Only for the Japanese Yen a pip is the second decimal place, because Yens are approximately a hundred times less valuable than most major currencies. There are two different types of positions you can open, a long position and a short position. For a long position you will expect that the price of the base currency will rise in comparison to the kenya currency. Dollars and simultaneously sell Canadian Dollars. For a short position you expect the price of the quote currency to rise in comparison to the base currency. Market other words, you market Canadian Dollars and simultaneously sell U. The idea of a exchange position is for many new traders difficult to understand. You do that when you close exchange position. You know however, that exchange will have to deliver the apples when some time has passed. Kenya speculate that in the meantime the price of apples will drop, so at the time of delivery the apples are cheaper than what you asked for it. It will be cheaper for you market deliver the apples. Home News Politics Raila Odinga Uhuru Kenyatta Facing Justice Global Opinion. Forex Exchange Rates May 15, HOW Journalist Walter Menya was ARRESTED, Assaulted and DEATH THREATS on him, now at Kilimani Kenya Station It is an EASY CHOICE come 8th August, The Kind of Looting experienced past 4 years, forex tu! Uhuru Calls on Raila Arrest over Masai Land Rights BACKFIRES, as NASA digs Deeper.
For example, the recent sugar price hike caused a furor among the Malaysian society as.
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