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When one currency is getting stronger and other goes weak in forex which one you have to buy or sell?
Wiki User
∙ 11y ago
In order to make profit you should buy the currency that is getting stronger and sell the currency that is getting weaker.
Wiki User
∙ 11y ago
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What are the effects of depreciating currency on a country?
Depreciating currency in a country will determine how strong the current economy of a country is. If the currency drops then their economy is stronger and more investements are in while if the currency exchange is high, there is depreciating economy against other countries.
What is the difference between foreign exchange and currency futures?
Foreign Exchange (Forex) is everything that has to do with converting one currency to the other. You often see foreign exchange market, foreign exchange transaction, foreign exchange rate. Foreign exchange rate is simply a rate at which you can convert one currency to the other, a price of one currency expressed in the other currency. For example if you see EUR/USD 1.30, this means you can buy one Euro for 1.30 US Dollars. 1.30 is the eur/usd forex rate. Futures are financial contracts that set the price for delivery in the future. There are futures on almost all asset classes, including currency. An example of currency future would be a contract to sell 1 Million EUR against USD for a price (rate) of 1.30 USD per EUR in 3 months.
Us dollar getting strong or weak against other currency?
It is getting weaker against other currencies
What is definition of foreign exchange market?
Foreign exchange is exchanging foreign currencies. The foreign exchange market assists international trade and investment by enabling the conversion of currency. In a typical forex transaction , one side purchases one currency for another. Currency trading is carried out on forex platforms, like eToro or Zulutrade. Fiding these platforms is usually done by searching the web for "forex", "foreign exchange", "trading forex, "trading online", and so on. Once a suitable platform is found, one can open an account and start trading. To learn more, it is advisable to look into the top forex websites, which have plenty of guides, turorials and useful information. ============================== Foreign Exchange refers to trading one type of money for the other in the FOREX market or foreign exchange market. Foreign exchange market deals with currencies; here you spend your own money to buy a foreign currency you want. Foreign exchange market offers services to many individuals, businesses and foreign investors. For individuals - if you are going to visit a country, then you need to exchange your country's currency into local country's currency for further expenditures. For businesses - if you're conducting business in overseas, then you must have a foreign bank account for exchange services. Because the bank will handle all the currency exchange services during money transaction. For investors - if you are investing money in different currencies, then you need foreign exchange service for investments.
Effect of GDP on forex market?
The simple thing that is portrayed by GDP is the way money is earned and spent on a regular basis, that is why it has a very direct relationship to the foreign exchange rate. The currency grows stronger when the production is high and it translates into good revenue. However there are other factors that may lead to negative trends in the forex market.You may take the situation of GDP getting high. This might happen due to some factors like illegal dealings such as money laundering or criminal activity or due to huge ransoms in the case of piracy in the high seas. All such effects lead to inflation and the dollar's purchasing power is decreased, as due to these illegal dealings too much money would be circulating that has not actually been earned.This in turn would reduce the demand for the dollar and eventually the forex rates would come down. If the inflation persists, the federal bank might be forced to adjust interest rates in order to regulate the situation. Automatically such a move will affect the forex rates.
What is other name for foreign exchange?
Forex, FX, currency exchange
What is difference between Convertible and non-convertible currency?
A non convertible currency is a money system that is not part of the FOREX exchange. It cannot be converted into other currency.
How to name Forex market in other words?
currency exchange Fx market Foreign exchange market
Is Forex Trading illegal?
Forex trading is simply the act of exchanging one country's currency for that of another country. This is not illegal and is done all over the world at banking and other financial institutions. It is especially common amongst travellers who exchange their own currency for that of the country they intend to travel to.
What is forex trading used for?
Forex Trading is used mainly by bankers and Traders in Export / Import business. It is the most important aspect of trading goods and services. The traders who exchange good and services from other countries needs to purchase it from other countries currency.
Where online is it possible to partake in currency trading?
There are a few places online that a person may trade in currency. Ameritrade, for example, may allow currency trading online. Other sites which have currency trading are Forex, Oanda, and Go Currency.
What services does FX Forex provide?
FX Forex provides many different services. FX Forex helps with the exchange rates of currency. They work with the U.S. dollar, Canada dollar, UK Pound and many other currencies around the world.
How do you do the Forex Tading?
Forex Trading is simple. You buy a currency at a certain price and sell it when the value increases. In other words, you buy low and sell high. Because there are lot of factors that affect the price of a currency, there is a big potential to make money trading the financial markets.
What is forex and how do you trade it?
Forex is the foreign exchange market where trading of currency takes place. Trading forex is best done through a broker unless you are familiar with foreign currency. You can trade through the Swissquote Bank and trading is done in high numbers (for example $100,000 being on the low end). Forex is definitely not for amateurs.Forex which is nothing but "Foreign Exchange", just exchanging of money with other countries based on your budget. For Trading Prupose better you can tie up with "Forex Brokers" best in the industry. There are many available brokers in forex trading such as Integerfx, Gain4ex,. etc.
What affects on forex fluctuation?
There are many things. One of the biggest thing that fluctuate forex from my experience. is discount rate. Discount rates are the percentage banks charge to each other when they gives loan to each other. If the discount rate gets lower. the currency value becomes low as well and if the discount rate increase the currency grow strong
How important is forex trading?
Forex Trading, or Foreign Exchange Trading, is important because many necessary, everyday items we import from other countries like japan,china and USA. its all things make an effect on currency which helpful to trade in Forex and the best platform to know about it is mmfsolutions.sg
What types of currency does UK forex trade?
The UK forex mostly trade euros and other general and famous currencies, such as dollars. However, not all currencies are available, especially the ones from countries that do not negotiate with first world countries.
