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One carries out currency trading on the Foreign Exchange market (Forex) for the purpose of making money. This is a speculative process as one is betting on the movement of the currency. It is the largest financial market in the world. The market is open 24 hours a day, there are much fewer rules than with the Stock Market and there are no commission charges. To start trading one must open an account with a Foreign Exchange Broker either online or in person. There are a wide variety of brokers available.
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∙ 10y ago
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Why is exchanging currency necessary for international trade?
Manly because there is not always a balance of trade. When there is not a balance of trade someone must be paid. They would like to exchange the money that they receive for the money that is used in their own country. That is why exchanging currency is necessary.Answer 2Because if you are in country A selling to someone in country B, you want to be paid in your own currency. Country B's currency is useless to you, you cannot pay your suppliers or your employees in it.But, the buyer in country B only has country B's currency in his bank account.So one of you has to exchange country B's currency into country A's currency, then you are both happy.
What is barter trade?
Barter trade is a form of exchange, but without the use of currency. (Example: You could trade someone a pencil for a sheet of paper)
Trade one country's currency for another country's currency?
command
How would one describe the forex currency trade?
Forex Currency Trade is a one stop shop for all of one's currency and stock trading needs. If one should visit Forex online, one could set up a practice account to help one get better acquainted with Forex and currency and stock trading.
Why did people trade in the past?
there was no currency
How would someone be able to trade their currency?
To able to trade your currency go on this website you can find a lot different way to trade currency.
Why is exchanging currency necessary for international trade?
Manly because there is not always a balance of trade. When there is not a balance of trade someone must be paid. They would like to exchange the money that they receive for the money that is used in their own country. That is why exchanging currency is necessary.Answer 2Because if you are in country A selling to someone in country B, you want to be paid in your own currency. Country B's currency is useless to you, you cannot pay your suppliers or your employees in it.But, the buyer in country B only has country B's currency in his bank account.So one of you has to exchange country B's currency into country A's currency, then you are both happy.
What is barter trade?
Barter trade is a form of exchange, but without the use of currency. (Example: You could trade someone a pencil for a sheet of paper)
What are some online sites where one can trade currency?
If one is looking to trade currency using an online site, it would be a great idea to check out Oanda. Oanda is a simple way to trade and even offers memberships.
Why are individual states denied the currency power?
There are many reasons, but the most compelling reason is that if states could print their own currency there would be chaos with not only interstate trade, but also international trade. This is why 16 countries in Europe use a common currency - the Euro.
Where can you trade your pesos for US currency?
At a currency exchange
Why are individual states denied the Currency?
There are many reasons, but the most compelling reason is that if states could print their own currency there would be chaos with not only interstate trade, but also international trade. This is why 16 countries in Europe use a common currency - the Euro.
Why are individual states denied currency power?
There are many reasons, but the most compelling reason is that if states could print their own currency there would be chaos with not only interstate trade, but also international trade. This is why 16 countries in Europe use a common currency - the Euro.
Is there someone who would want to trade gigalith?
no
Trade one country's currency for another country's currency?
command
How would one describe the forex currency trade?
Forex Currency Trade is a one stop shop for all of one's currency and stock trading needs. If one should visit Forex online, one could set up a practice account to help one get better acquainted with Forex and currency and stock trading.
Why did people trade in the past?
there was no currency
