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Which of the following explains what happens when currency traders buy on?
Wiki User
∙ 6y ago
They borrow money from their broker in order to make a larger currency purchase
Wiki User
∙ 6y ago
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What is the role of currency traders?
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.
How do traders make a profit in the currency exchange market?
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 are the types of pairs and currencies in the Forex market?
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
Can anybody really know what the value of currency is?
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.
How are small farmers in grip of local traders?
farmers are in grip of local traders as as they are powerful and they can give loans to small farmers for illness,children school fees, cultivation etc.In exchange they get cotton or tell the farmers to weave clothes and then the local traders sell it to the powerful traders by:Gamak sahani school:cps mundra std:7
What happens when Currency traders buy on margin?
When currency traders buy on margin they borrow money from their broker. They do this in order to make a larger currency purchase.
Which of the following best explains how currency traders can buy large amounts of currency with little money up front?
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.
Currency traders buy on margin so they can do which of the following?
Make large currency trades using small amounts of money.
Leverage enables currency traders to which of the following?
Make large currency trades using small amounts of money APEX:)
What explains how buying on margin increase the leverage of currency traders?
borrowing money allows traders to make large purchases without a large amount of money up front.
Who are the top 5 currency traders in the world today?
how are the worlds top currency trades today? how are the worlds top currency trades today?
What happens in Currency trading?
In currency trading, at the basic level the price of a currency when compared to another is basically high or low. Example the EUR/USD currency pair. Based on the general health of the two countries and various economic indicators currencies tend to fluctuate. It is this fluctuation that allows forex traders to buy low and sell high.
Mali and Ghana in West Africa were Muslim kingdoms in the Middle Ages. Which of the following statements explains how Islam was able to replace African religious beliefs?
Traders in Africa had contact with Arabia and converted to Islam.
Leverage enables currency traders to do what?
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.
How much is an Australian worth from 1909?
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.
How currency traders can buy large amounts of currency with little money?
Its called using leverage or buying on margin, but putting it simply they take out a loan.
What is currency trading platform software used for?
Currency Trading Platform software is used to assist currency traders with up to date analysis and trade information, by providing charts and order-taking methods.
