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Easy Forex
Basic Terms
Forex traders speak a language of their own. In order to be an active trader, you need to understand what some basic terms mean.

The “ask price “ is the price a seller would like to receive for their currency. The “bid price” is the price a buyer is willing to pay for a currency. The difference between the amount the buyer is offering and what the seller expects is known as the “bid/ask spread;”

The movement in the currency market is usually in small amounts. That’s why movement is measured in “basis points”. A basis point is one hundredth of a percentage point (0.01%) and it is used because it helps traders track these small changes. This gives them an early warning about changes that may be leading to a reversal in price.

Because traders measure small increments in movement, oftentimes you will hear them refer to a “pip”. Pip is an acronym for Price Interest Point. It is the smallest increment a currency can make. Pips are the currency market equivalent of ticks in the stock market.

Keep in mind that currency is always traded in pairs. One currency in the pair is bought and the other is sold. This is called a “quote”. The first currency in the pair is referred to as the “base currency” and the second currency in the pair is known as the “counter currency” or sometimes, the “quote currency”. The base currency is always represented as one monetary unit. The number following the pair tells you how many units of the counter currency are equivalent to one unit of the base currency. When the counter currency is quoted as compared to the US dollar, it is known as a “direct rate”. If it is compared to a currency other than the US dollar, it is known as a cross rate.
08, October 2006
The New Oil Boom
Searching for an investment opportunity that involves oil alternatives is a logical move, but recent studies have shown there are other oil opportunities that could prove to be highly profitable.
24, September 2006
US Congress Approves Oman Trade Pact
In a 63 to 31 vote, the United States Senate put its seal of approval on a free trade agreement with the Arabian Gulf state of Oman.
Easy Forex
Symbol Rate
GBP:CHF 2.007608
GBP:JPY 182.222212
GBP:USD 1.757198
NZD:USD 0.658397
EUR:CAD 1.503413
EUR:CHF 1.557680
EUR:GBP 0.775889
EUR:JPY 141.384148
EUR:USD 1.363390
AUD:JPY 80.415028
AUD:USD 0.775455
USD:CAD 1.102702
USD:CHF 1.142505
USD:JPY 103.700427
USD:SEK 7.185028

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