0
1$=Rs. 55
consider above example
when the left hand currency in the quote is forrien currency than it is said to be direct quote and if the left hand currency is home currency than quote is said to be indirect.
in above example we can say it is a direct quote in the point of view of India and can say indirect quote for US.
What else can I help you with?
What is the difference between forex and foreign exchange?
"Forex" and "foreign exchange" refer to the same concept: the global marketplace for trading currencies. "Forex" is simply an abbreviation of "foreign exchange" and is commonly used in trading contexts. Both terms encompass the buying and selling of currencies to facilitate international trade, investment, and speculation. The term "forex" often conveys a more informal or retail trading context, while "foreign exchange" can refer to broader financial and institutional activities.
Why is forex useful?
Forex is the only way to get more money.
What is forex ea?
Forex EA is an automated Forex software that follow some sophisticated logic and able to open and close orders by itself.
What is curso forex and how does it work?
Curso Forex is a website about trading. Here one will find a lot of information on trading with forex, educational videos, recommended links, and a choice to get a subscription.
what are forex indicators and what do they do?
Forex indicators are tools used to try and evaluate the market predictions. http://www.forexindicators.net/
Is there a difference between a free and a paid forex course?
In a lot of cases there is not a difference between them. I would personally advise take a free forex course as you can learn just as much.
What is the difference between forex and stock?
The difference between Forex and stock trading is that one is national and the other is international. This means that when one is transacting Forex trades, one is trading on foreign markets. With this clear difference in mind, several other differences arise, such as their different hours of operation, their dependencies on differently valued currencies and also that someone does not need to work through a broker for forex trading.
Difference between Indian and pak rupees?
Because of forex market and demand & supply
Should you pay for a forex course or should you look for free forex courses. What is the difference?
In most cases there is no difference. Always go for the free forex course. A good site for beginners is www.forexrepublic.info
What maxim is followed by the forex dealer when indirect method of exchange rate quotation is used?
buy high sell low
What is forex charge?
In Forex trading, there are various fees and charges to be aware of. These may include spreads (the difference between the buy and sell price), commissions (if applicable), and overnight financing costs for holding positions overnight.
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.
What is the key difference between captive bundling strategy and optional bundling strategy?
see the third & fourth link of this website: total-forex-trading.co.cchope you get answer; good luck !
What do Forex Converters do?
Forex Converters are used to determine the best current rate-of-exchange between certain currencies and to convert exchange rates between particular currencies.
What is the meaning of forex platform?
Forex Platform is a type of foreign exchange. The Forex is one of the largest liquid market in the entire world. It helps countries trade between each other.
What brokers offer a Forex mini account?
There are a very wide number of brokers that offer Forex mini accounts. A complete list of the best ones can be found on "100 Forex Brokers" but some that are listed are ACM Gold, Citypoint Trading, Direct FX and FIBO Group.
What is the difference between forex and foreign exchange?
"Forex" and "foreign exchange" refer to the same concept: the global marketplace for trading currencies. "Forex" is simply an abbreviation of "foreign exchange" and is commonly used in trading contexts. Both terms encompass the buying and selling of currencies to facilitate international trade, investment, and speculation. The term "forex" often conveys a more informal or retail trading context, while "foreign exchange" can refer to broader financial and institutional activities.
