Friday, 29 May 2020
Thursday, 7 May 2020
Wednesday, 8 April 2020
Major Pairs Make Trading Simpler
Major Pairs Make Trading Simpler
Although the foreign exchange market is often billed as a banker's game,currencies can sometimes be great diversification for a portfolio that might have hit a bit of a rut. It's a market that can also offer tremendous opportunity when other global forums enter the doldrums. As a result, knowing a little bit about forex, and the fundamentals behind it, can make significant additions to any trader, investor or portfolio manager's arsenal. Let's take a look at eight currencies every trader or investor should know, along with the central banks of their respective nations.
1. U.S. Dollar (USD)
Central Bank: Federal Reserve (Fed)
2. European Euro (EUR)
Central Bank: European Central Bank(ECB)
3. Japanese Yen (JPY)
Central Bank: Bank of Japan (BoJ)
4. British Pound (GBP)
Central Bank: Bank of England (BoE)
5. Swiss Franc (CHF)
Central Bank: Swiss National Bank (SNB
6. Canadian Dollar (CAD)
Central Bank: Bank of Canada (BoC)
7. Australian Dollar (AUD)
Central Bank: Reserve Bank of Australia (RBA)
8. New Zealand Dollar NZD
Reserve Bank of New Zealand (RBNZ)
Join our Telegram: https://t.me/dzfxclass
@netzimbo[DreamZone💸]
Although the foreign exchange market is often billed as a banker's game,currencies can sometimes be great diversification for a portfolio that might have hit a bit of a rut. It's a market that can also offer tremendous opportunity when other global forums enter the doldrums. As a result, knowing a little bit about forex, and the fundamentals behind it, can make significant additions to any trader, investor or portfolio manager's arsenal. Let's take a look at eight currencies every trader or investor should know, along with the central banks of their respective nations.
1. U.S. Dollar (USD)
Central Bank: Federal Reserve (Fed)
2. European Euro (EUR)
Central Bank: European Central Bank(ECB)
3. Japanese Yen (JPY)
Central Bank: Bank of Japan (BoJ)
4. British Pound (GBP)
Central Bank: Bank of England (BoE)
5. Swiss Franc (CHF)
Central Bank: Swiss National Bank (SNB
6. Canadian Dollar (CAD)
Central Bank: Bank of Canada (BoC)
7. Australian Dollar (AUD)
Central Bank: Reserve Bank of Australia (RBA)
8. New Zealand Dollar NZD
Reserve Bank of New Zealand (RBNZ)
Join our Telegram: https://t.me/dzfxclass
@netzimbo[DreamZone💸]
Bid and Ask Price
BID and ASK PRICE
Bid Price
The bid is the price at which the market (or your broker) will buy a specific currency pair from you. Thus, at the bid price, a trader can sell the base currency to their broker.
Ask Price
The ask price is the price at which the market (or your broker) will sell a specific currency pair to you. Thus, at the ask price you can buy the base currency from your broker.
Join our Telegram: https://t.me/dzfxclass
@netzimbo[DreamZone💸]
Bid Price
The bid is the price at which the market (or your broker) will buy a specific currency pair from you. Thus, at the bid price, a trader can sell the base currency to their broker.
Ask Price
The ask price is the price at which the market (or your broker) will sell a specific currency pair to you. Thus, at the ask price you can buy the base currency from your broker.
Join our Telegram: https://t.me/dzfxclass
@netzimbo[DreamZone💸]
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