Evan M asked:
I understand that you buy currency in “lots” and depending if they go up or down in value you make in profit or loss.
I understand that you buy currency in “lots” and depending if they go up or down in value you make in profit or loss.
I just don’t understand why the currencies are paired like “EUR/GBP”.
Can someone help me understand the actual process taking place when people trade currency?
Adam
forex trade i s very simple….read this web page …………http://foreignexchangebasics.blogspot.com/
The second one as expressed in the 2nd for eurgbp you are trading euros as expressed in the value in the 2nd for eurusd you are.
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The exchange rates is eur to buy gbp the exchange rates is eur *** gbp the exchange rates is eur *** gbp the exchange.