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If the world uses one currency which countrys currency will be the dominant currency or will a completely new currency be invented?
Most certainly the Euro will be the most dominant. Maybe a new currency, but the Euro has the most value.
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
How did currency help the economy?
Before currency, there was only a barter economy in which one person trades one good for another. This relies on the assumption that there is a double coincidence of wants, e.g. one person who grows corn who wanted to trade for hogs must find someone who raises hogs that wanted corn. Currency eliminated this because it is a medium of exchange, thus facilitating trade.
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.
A definition of foreign currency exchange?
Foreign currency exchange is the trade of one country's money with another, whether for profit (what is known as Forex of FX trading) or for business and personal uses (when traveling for example).
If the world uses one currency which countrys currency will be the dominant currency or will a completely new currency be invented?
Most certainly the Euro will be the most dominant. Maybe a new currency, but the Euro has the most value.
How does Forex currency exchange work?
Forex currency exchange works by one person paying another currency for that currency. Generally, there are always rates that people trade with, and they are always changing.
What does currency future trading mean?
A currency future means to trade one currency for another in the future at a price that has been determined on the purchasing date. This is a future contract, not one that occurs right away.
Describe what it means for one currency to be rising against another currency?
one countries currency is worth another countries currency.
What are some websites where one can carry out foreign currency day trading?
Foreign Currency Day Trading is highly competitive, but can be most rewarding, financially. While one nation's currency is purchased another is sold. Some of the places for trade are: Charles Schwab, OX Options Trading; Forex, FXDD; and Oanda, FX Trade.
How does a currency appreciate?
An increase in the value of one currency relative to another currency. Appreciation occurs when, because of a change in exchange rates; a unit of one currency buys more units of another currency.
How did currency help the economy?
Before currency, there was only a barter economy in which one person trades one good for another. This relies on the assumption that there is a double coincidence of wants, e.g. one person who grows corn who wanted to trade for hogs must find someone who raises hogs that wanted corn. Currency eliminated this because it is a medium of exchange, thus facilitating trade.
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.
A definition of foreign currency exchange?
Foreign currency exchange is the trade of one country's money with another, whether for profit (what is known as Forex of FX trading) or for business and personal uses (when traveling for example).
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.
Where can one find information on the foreign currency trade?
One popular site for foreign currency trading is Forex On Demand, which not only is a platform for foreign currency trading but also offers informational articles about foreign currency trades. Another popular site for foreign currency trading is the XE website, which includes a help section as well as a forum to learn more about it.
Where can one learn to trade in the foreign currency market?
One can learn to trade in the foreign currency market can be found on the FXCM website. This will tell you all you need to know including what to beware of in the market.
