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They borrow money from their broker in order to make a larger currency purchase
A currency trader buys and sells currencies. For example, a trader may have dollars but believe the dollar will fall against the pound, so he might use his dollars to buy pounds.
my name is reza from Iran to make a profit in the currency exchange we must have 3 things 1 - enough time 2- enough money 3- a good strategy
What is a currency pair?It is a currency against another currency, forex currencies are available in pairs, you cannot sell or only buy one currency, you must buy or sell a currency in another currency and this is the reason behind trading in Forex in pairs.Example:The currency of the European euro against the currency of the US dollar, in the language of traders these two currencies are called "the euro-dollar pair" and the symbol for this pair is EUR / USDSecond: Forex Types and Pairs:Major CurrenciesMinor CurrenciesCross pairs (crosses)Exotic Pairs
Generally, yes, because most countries use flexible exchange rates and so arbitrage ensures that the value of a currency is determined accurately (i.e. if the currency was overvalued for some reason, experienced for-ex traders would realise and cause it to fall). If the exchange rate is fixed you can't tell if it's valued correctly because it is usually pegged on another exchange rate (so if the other currency depreciates the government will make sure that their currency depreciates). This means that the value of the exchange rate doesn't reflect what is going on in the economy, it reflects what is going on in the other economy.
They buy on margin to provide leverage for a large purchase. They borrow money from their broker in order to make a larger currency purchase.
They borrow money from their broker in order to make a larger currency purchase
Make large currency trades using small amounts of money.
Make large currency trades using small amounts of money APEX:)
Currency traders use leverage (or borrowed funds) to trade financial assets (currency). Leverage allows an individual to control larger trade sizes in order to gain a greater profit on their investment.
Its called using leverage or buying on margin, but putting it simply they take out a loan.
borrowing money allows traders to make large purchases without a large amount of money up front.
When currency traders buy on margin they borrow money from their broker. They do this in order to make a larger currency purchase.
how are the worlds top currency trades today? how are the worlds top currency trades today?
Incomplete question - Whatever it is, it does not exist. With the possible exception of traders tokens (with the traders business name on them), there was no "Australian" currency prior to 1910. The only currency circulating in Australia prior to 1910 were British coins.
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A currency trader buys and sells currencies. For example, a trader may have dollars but believe the dollar will fall against the pound, so he might use his dollars to buy pounds.