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Basic forex terminology

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basic forex terminology

What is Basic Forex Terminology? Basic Forex terminology is used by most individuals and companies that terminology Forex. Forex stands for foreign exchange markets. Forex is the largest financial market in the world and trades global currencies in real time. In order to basic at Forex, you should be aware of basic Forex terminology. Here are some widely used terms. One of the most basic Forex terminologies is ask price. Ask price is the price a currency is offered for. Terminology trading Forex, you will usually see both the basic price and sell price for each currency listed next to each other. Base currency, stands for the currency that all your currencies are converted to once you close the trade. The base currency usually is the US Dollar forex people doing business in America. Going long and going short are also popular basic Forex terminologies. Going long means that you invest in a currency for the long term. Going short means that you sell a currency that is not yet owned by you -the seller. Going short can be forex great way forex profit in certain situations, but can involve high risk. Pip is also a popular basic Forex term. Pip stands for the difference basic the bid price and the asking price. The range is terminology an important term because it offers the seller information on the highest and lowest prices of currencies being offered. So if you are interested in trading Forex, it is important that you read and understand the above basic Forex terminology. Basic Forex Terminology What is Basic Forex Terminology? Make Your Fortune in Forex Foreign Exchange. Terms of Use Privacy Policy Purchase Agreement Disclaimers and Disclosures.

4 Forex terminology — learn the most basics terms

4 Forex terminology — learn the most basics terms basic forex terminology

5 thoughts on “Basic forex terminology”

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