Trading Online Foreign Currency
Apr 27, 2020 · step 1, understand basic forex terminology. the type of currency you are spending or getting rid of, is the base currency. the currency that you are purchasing is called quote currency. in forex trading, you sell one currency to purchase another. the exchange rate tells you how much you have to spend in quote currency to purchase base currency. a long position means that you want to buy the base step 2, read a forex quote. you'll see two numbers on a forex quote: the bid price on the left. The term "currency trading" can mean different things. if you want to learn about how to save time and money on foreign payments and currency transfers, visit xe money transfer. these articles, on the other hand, discuss currency trading as buying and selling currency on the foreign exchange (or "forex") market with the intent to make money. As technologies have improved, the forex market has become more accessible resulting in an unprecedented growth in online ...