a direct quotation, the domestic currency is the base currency, while in an indirect quotation, the domestic currency is the quote currency. For example, if the USD/EUR exchange rate is 0.85, it means...
higher returns on their investments. Conversely, when a central bank lowers interest rates, it can weaken the country's currency as investors seek higher returns elsewhere. Inflation is another impor...
on new information. 3. Previous data: Compare the upcoming data or event to the previous data or events to understand the trend and potential market reaction. Understanding how the market has reacted...
and make more informed decisions when trading with real money. In addition, a FX demo account also provides traders with the opportunity to test out different trading strategies in a real-time market...
rate is the price at which one currency can be exchanged for another. There are three main types of currency pairs in the forex market: major pairs, minor pairs, and exotic pairs. Major pairs are the...
2024-09-15 13:59:32