#currency pair

[sdogra]

Comprehensive Analysis of GBP/JPY: Key Support and Resistance Levels Explained

[astramarket]

3 Currency Trading Tips to Help You Make Money

There is a lot of money to be made in foreign exchange trading. Here are currency trading tips to help you maximize your profits. 1. Use weekly charts as well as daily charts Checking back over the week’s price movements for your chosen currency pair will give you a better perspective on both short and long term trends in the market. It is easy to become blinkered in spot forex…

[helenjgaston]

Helping You Better Understand Forex With These Simple To Follow Tips

Helping You Better Understand Forex With These Simple To Follow Tips

There is a lot of interest linked to foreign exchange trading, some may hesitate! It might seem difficult or overwhelming for the uninitiated. It is important to be cautious with regards to how you spend your hard earned dollars. Keep up to date with current information. These tips will allow you become successful in Foreign Exchange trading. Trade Imbalances Forex is ultimately dependent on…

[forexbeginnersworld]

Helping You Better Understand Forex With These Simple To Follow Tips

Helping You Better Understand Forex With These Simple To Follow Tips

There is a lot of interest linked to foreign exchange trading, some may hesitate! It might seem difficult or overwhelming for the uninitiated. It is important to be cautious with regards to how you spend your hard earned dollars. Keep up to date with current information. These tips will allow you become successful in Foreign Exchange trading. Trade Imbalances Forex is ultimately dependent on…

[rgco413]

🎧 Onkyo Direct [Wireless Earphones] x Osomatsu-san Transparents!

Apparently there's only 5 more days of reservation left according to the twt link I got it from

So if you have the funds you should totally get some! They come with the matsu's voices just like the last wireless earphones they had with Zeeny Lights!

Oh! Someone also translated the voice lines from the earphones!

[mobbothetrue]

Spotify prompt! Knuckles and tails, an 19 :)

Oh hoho! You managed to land FightSong by EVE (<- YouTube link), a song that by all rights shoulda been #2 (<- I refuse to pay Spotify money).

Hmm…. It’s been a while since I’ve done anything with Super Sonic Speed, but I always did intend to write follow-ups…

.•.•.•.

The city is unbelievably loud. They’re in what Sonic had called a shopping district, and it’s apparently very popular. Knuckles would kind of like to go home, a lot, actually, but Tails is flirting from one shop to another and he doesn’t have it in him to shut the kid down. Sonic is somewhere on the periphery of their little group— he and Tails had bonded, thick as thieves, and Knuckles— well, he tolerated the guy.

Tails gasps like he’s seeing the sun rise for the first time, excited enough that he’s lifting off the ground. Knuckles ambles over, grabs him by the ankle, and pulls him back down. He’s looking at some sort of… thing. Knuckles can’t make heads or tails of it, but it’s definitely saying something to Tails.

Hmm. He is, at least, familiar with the idea of shops. Chao liked to set them up, sometimes, selling fruit or handmade crafts for rings, but Knuckles has no idea if their idea of currency and everyone else’s aligns. Would the shopkeep accept a fruit? Most chao did. It isn’t like rings are a problem, so…

Knuckles turns, seeking out Sonic in the crowd. There he is— stiff as anything, glancing frantically back and forth between Knuckles and some other hedgehog, a pink one. One of his friends, maybe? They look irritated, maybe not. Knuckles steps away from Tails, invites himself into their conversation.

“and you just RAN OFF—“ the hedgehog is shouting. Sonic cracks his mouth open, a faint wheeze escaping.

“Hey,” Knuckles says.

“—do you have ANY IDEA how WORRIED I was—“

This looks like a battle Sonic is better off fighting on his own. Still, Knuckles needs his question answered. “Hey,” he repeats, slightly louder.

“—I mean, I knew you were alright because my cards said so, but—“

“Hey Knuckles,” Sonic manages to crack out, “this is Amy.”

Amy tilts her head at him, and then gives him a sharp, discerning once-over. “Are you one of his other friends?” She asks.

“Yeah, sure,” Knuckles says, and then “do rings work as currency down here?”

She blinks at him, as if this is a weird thing to ask. “Yes?” She says.

“Okay,” Knuckles says, nodding, “try not to scare him too bad.”

Any lingering confusion evaporates, and she whirls around to find Sonic trying to sneak away. “AGAIN!” she shouts, full of conviction, and Knuckles makes his way back to where he left Tails. He isn’t pressed up against the glass anymore, so Knuckles steps into the store. Yeah, there he is. Hovering— literally— over the same display.

Knuckles takes a moment to properly observe, rooting around for the terms Tails would use, in an attempt to ensure he gets the right thing. There’s a looping track, and a few other gadgets on the sides. A switch, one of them looks like, and some barricade, and a few blinking lights. On the track itself is a… sideways cylinder, set on wheels, connected to a few boxes, puffing out smoke— or steam, maybe. Tails is absorbed enough in watching it chug along that he doesn’t even realize Knuckles is standing right next to him. Knuckles’ll just have to make sure he comes up for air, occasionally.

He casts about the rest of the store, vaguely lost. There are a lot of displays, and a lot of colourful boxes. Knuckles picks up one, flips it over, and realizes swiftly he is out of his depth. He brings the box over to Tails, handing it to him. Tails holds onto it for a full few seconds, watching with bated breath as the cylinder switches tracks, before he looks down. His fur all along his spine puffs up, and he turns to look at Knuckles so fast he has to wonder if Sonic hasn’t started to rub off on him in more ways than one. That’s the right box, for sure.

“Really?” Tails asks, voice breathy with excitement, and Knuckles ruffles his fur instinctually.

“‘Course.”

Maybe the shopping district isn’t that bad.

[allaboutforexworld]

Momentum Trading: Forex Trading Strategy Explained

Momentum trading is a strategy that seeks to capitalize on the continuance of existing trends in the market. By focusing on the strength of price movements, traders can make informed decisions and optimize their profits. What is Momentum Trading? Momentum trading involves buying and selling currency pairs based on recent price trends. The core idea is that strong movements in the market tend to…

[waugh-bao]

I was going to joke and say that Keith would be more attached to an old pair of Charlie’s underpants than he was to Bill, but then it made me realize that is very likely true and he probably does have a stolen pair of undies hidden away somewhere.

And then in the previous sentence I originally typed ‘made me realize he probably really would be in to Charlie’s underpants’ but I felt that was conveying a different type of message. Not an untrue one, but not the one I was going for.

[gaolerdeathmetal]

Hi, I'm still relatively new to FR (I've been there for a year) and I wanted to ask you how do you grind 1000+ gems? I sell fodder dragons + buy gilded chests when I have treasure but still it brings me like ~50-80g.

Sorry if I bothered you!

exalting leveled fodder on top of hitting the max lucky streak through glimmer and gloom is pretty much all i do these days (you can find guides on how to do g&g quickly, when you get used to it it takes a max of 12 mins to get 75kt)

then you trade all the treasure you get with someone on the items for sale forum looking to trade their gems for treasure! theres usually a few of those threads up at a time :)

.... HOWEVER. since its night of the nocturne i heavily recommend grinding the coli/bond with all of your familiars (look at the post below) to get a bunch of chests and sell those! the best places are bamboo falls, redrock cove, boreal wood, rainsong jungle & harpy's roost. good luck!

[daftarexness3]

Exness Trade - Online Forex Trading Broker Various Currency Pairs

daftar exness

[comradejoanmir]

Sometimes looking at merch prices is like…. someone think of the global south won’t someone please think of the global south

[capitalxtendsmartinvestment]

What is Forex Trading? A Beginner’s Guide

The foreign exchange market is what Forex stands for. Forex trading is also called FX trading, currency trading, and foreign exchange trading. All of these terms can be used interchangeably in the financial world. The global Forex market is not like a stock exchange like the New York Stock Exchange (NYSE). Instead, it is a decentralized market. Most foreign exchange deals happen over the counter or off-exchange. Stocks are traded on physical public exchanges, but Forex currencies don’t have a place where they are kept. Online Forex Trading is mostly conducted on the internet through a broker.

In the foreign exchange market, the biggest players are big banks, governments, large corporations, and hedge funds. These organizations have the power to make big changes in the forex market. These are also called institutional players in the market. But there are also quite a few people who trade on the market on their own. People like these are called the retail crowd.

A retail crowd is a varied group. This could be a consumer who wants to buy something from another country, a traveler who wants to go abroad, a company doing business in another country, or an investor or trader who wants to take advantage of price changes on the Forex market. Now that we know who the buyers and sellers are, let’s move on to how Forex trading works.

How Does Trading Work in Forex Industry?

Foreign Exchange Trading is the exchange of one currency for another. Typically, money is exchanged for a good or service. In stock trading, money is exchanged for firm shares. When we trade on the Forex market, we swap one currency unit for another currency unit. The United States Dollar (USD), the Euro (EUR), and the British Pound (GBP) are three of the most frequently traded currencies. The Japanese Yen (JPY), the Canadian Dollar (CAD), and the Australian Dollar are also prominent currencies (AUD).

Forex traders interact through a structured group of dealers and computer networks that serve as market makers for their own consumers. Orders are placed for currency pairs (or pairs of currency that you plan to swap). Different exchange rates are connected with certain currency pairs, which is where arbitrage comes in.

For instance, if the EUR/USD exchange rate is 1.1150, it indicates that 1 Euro can be obtained for every 1.1150 US dollars.

How to Profit from Forex Currency Trading?

Like in any business, you make money when you buy something for less and sell it for more. The same rules apply to trading FX. The difference is that you aren’t buying and selling physical goods, but rather currencies.

If one of these two things happens, you can make money trading currencies on the Forex market: If you bought or sold a currency pair and its value went up, you would have made money. If you sold or borrowed a currency pair and its value went down, you lost money.

The exchange rate is affected by a number of important factors. The monetary policy of the central bank, economic data, political events, and geopolitical risk events are all important, but in the end, it all comes down to price action.

How to Trade Forex for Beginners?

Understanding how currencies are quoted and what exchange rates signify is the fundamental building block of trading on the foreign exchange market. All currencies on the Forex market are quoted in pairs. Therefore, Forex trading requires the simultaneous purchase of one currency against the exchange of another currency.

Characteristics of the Foreign Exchange Market

The most important thing about the Foreign Exchange Market is that it’s open 24 hours a day, Monday through Friday, except for weekends. When you trade around the clock, you can trade from anywhere and not have to worry about time. This means that you can trade even after you get home from work.

Start-up capital for online forex trading can be as low as $100. In addition, the costs are far lower than other asset classes, such as stock trading. Liquidity is one of the most important characteristics of the foreign exchange market. This will provide stable exchange rates because its volume exceeds $6,6 trillion. Second, you can rapidly open and close transactions with no slippage.

Leverage is the most alluring aspect of foreign currency trading. Leverage allows you to trade with larger sums of money than your initial deposit. For instance, if your preferred forex broker offers a 1:50 leverage, you can control $50 on the FX market for every $1 in your account.

Basic Forex Market Terms

The first step in learning a new foreign language is mastering the alphabet. The Forex market, which has its own alphabet and vocabulary, is comparable. It is essential to master this new language in order to comprehend the industry.

1. Currency Pair

Forex prices are given in currency pairs, which match one currency unit against another. Each currency is also shortened to three letters.

For example, the currency pair EUR/USD is made up of the euro and the US dollar. The euro, which is the first currency in the system, is called the “base currency.” The second currency in the quotation system is the US Dollar, which is called the quote currency or counter currency.

2. The Rate of Exchange – The Quote

The exchange rate is the price at which one currency can be bought or sold for another. The price quote tells you how much of the quote currency you need to buy one unit of the base currency.

Since currencies are always quoted in pairs, the value of one currency is always given in relation to another. The supply and demand law tells us what the exchange rate is.

3. Pip

The smallest price change that a currency exchange rate can make is called a pip, which stands for Price Interest Point (or Percentage in Point). The last decimal of a Forex quote represents a pip.

For instance, if the EUR/USD exchange rate is 1.1500 today and 1.1580 tomorrow, we can say that the EUR/USD exchange rate has increased 80 pips.

4. Ask price

A two-price quotation system is used for understanding currency pairs. Due to this, there are two prices when you open the order window. The Ask price, or the price at which you buy a currency pair, is displayed on the right side.

For instance, if the EUR/USD quote shows the following rates: 1.1520/1.1521, you have the option to purchase the currency at the price of 1.1521.

5. Bid

The “Bid price,” also known as the “price you need to pay if you want to sell a currency pair,” is listed on the left-hand side of the two-price quote system.

For instance, if the EUR/USD quote shows the following rates: 1.1520/1.1521, you are able to sell at the price of 1.1520.

6. Spread

The spread is the amount by which the price at which you buy (Ask) differs from the price at which you sell (Bid). The magnitude of the Forex spread is typically determined by the liquidity and volatility of the market.

7. Margin

Online Forex trading does not require the whole amount to trade. Margin is the amount deposited in a small fraction (percentage ) of your trading size which covers possible losses. The broker you choose to trade with provides you with a certain multiple of that margin, which works in conjunction with leverage.

For instance, if you want to buy $10,000 worth of EUR/USD and your broker offers you the leverage of 1:50, it means that you will only need to set aside $500 in order to complete the transaction. So, if you put down $500, you can trade as if you had put down $10,000.

Type of Currency Trading Pairs

Depending on how much trading a currency does, we can put it into one of three main groups:

Major Currency Pairs: These are all the currencies that are traded against the US Dollar, which is the world’s reserve currency. For instance, EUR/USD, GBP/USD, and USD/PY. The major pairs have the most liquidity, and EUR/USD is the pair with the most liquidity.

Minor Currency Pairs: Also referred to as cross pairs, these currency pairs do not trade against the US Dollar and are considered to be of lower importance. Examples include the euro versus the pound sterling and the euro versus the Swiss franc. They provide a lower level of trading liquidity.

Exotic Currency Pairs: Also known as minor currency pairs are currency combinations that are linked to developing economies located all over the world. Examples of such currencies include the South African Rand, the Brazilian Real, and the Turkish Lira.

Understanding and Reading Forex Quotes

The standard quotation system uses a three-letter abbreviation system and always involves two currencies: the base currency on the left and the quote currency on the right. The quoted price shows how much Quote currency is needed to buy/sell one Base currency.

How to Place Orders When Trading Forex

A Forex Order is, in general, a command that is given to your broker and demonstrates the following information:

What pair of currencies to buy or sell.

How you’re going to trade (Long or Short).

Price to buy or sell.

Where to take a Profit.

How to get out of a place.

how many units (lots) to buy or sell.

Type of order

A Forex Order can be used to do two things in terms of direction:

Buy (Long): We use a buy order that is executed at the Ask price and closed at the Bid price if we think the currency pair will go up.

Sell (Short): We use a sell order executed at the Bid price and closed at the Ask price if we think the currency pair will go down.

There are five common types of orders that anyone can use to enter or exit the Forex market:

Market orders

Limit order

Stop order

A Stop-loss order

Take profit order

How to Make Your First Trade in Forex

The first thing you need to do is open a demo account with the Forex broker you like best. This will let you trade on the Forex market from a trading platform.

Once you gain the idea of entering and exiting the market through practicing on a demo account, you can open a real forex trading account. There are different types of accounts that a broker offers, you can choose the account that is best suited for you.

Best Forex Trading Platform for Beginners

MetaTrader4, which was made by MetaQuotes Software, is the best forex trading platform for beginners. Millions of retail Forex traders around the world use the MT4 platform, which is one of the most popular Forex trading platforms. Its features can be used by both seasoned forex traders and those who have never done it before.

MetaTrader 4 is free, and it has a lot of built-in features. There are a lot of different technical indicators that can help you figure out how to read a Forex price chart. You can also use MT4 to build your own automated trading strategy and test any trading ideas you might have.

Conclusion

Trading on the foreign exchange market follows the same fundamental processes as trading on any other market. Attempting to generate a profit by buying at a low price and selling at a high price. The foreign exchange market is distinguished from other markets in that it offers a variety of trading opportunities that are not available in other markets. Because of this, the foreign exchange market is an excellent choice for beginning traders who are interested in either supplementing their income or starting a trading career full-time.

Originally Published on shortkro

Source: https://shortkro.com/what-is-forex-trading-a-beginners-guide/

[helenjgaston]

Forex Trading Explained: Use These Simple Tips

Forex Trading Explained: Use These Simple Tips

There are business opportunities that are surely better than others, such as their size. The forex market is the largest financial platform. The news contains speculation that can cause currencies will trend. You need to set up digital alerts on your market to allow you to utilize breaking news. Currency Pair Your own judgment is the best tool to use when trading, but don’t be afraid to trade…

[forexbeginnersworld]

Forex Trading Explained: Use These Simple Tips

Forex Trading Explained: Use These Simple Tips

There are business opportunities that are surely better than others, such as their size. The forex market is the largest financial platform. The news contains speculation that can cause currencies will trend. You need to set up digital alerts on your market to allow you to utilize breaking news. Currency Pair Your own judgment is the best tool to use when trading, but don’t be afraid to trade…

[forex-trading-online-jrfx]

Ready for Trading? Know Major, Minor, Exotic with JRFX

In the vast world of forex trading, understanding the distinctions between major, minor, and exotic currency pairs is crucial for success. These distinctions not only affect trading strategies but also impact risk levels and market liquidity. Let's delve into the differences between these categories to grasp their significance in the forex market.

Major Currency Pairs

Major currency pairs are the most traded pairs in the forex market, representing the world's largest economies. They consist of currencies from stable and developed countries, often paired with the US dollar (USD). The major currency pairs include:

EUR/USD (Euro/US Dollar): This pair is the most traded in the world, reflecting the economies of the European Union and the United States.

USD/JPY (US Dollar/Japanese Yen): Reflects the economies of the United States and Japan, known for its liquidity and sensitivity to risk sentiment.

GBP/USD (British Pound/US Dollar): Reflects the economies of the United Kingdom and the United States.

USD/CHF (US Dollar/Swiss Franc): Known as the "Swissie," it reflects the economies of the United States and Switzerland, often seen as a safe haven pair.

AUD/USD (Australian Dollar/US Dollar): Reflects the economies of Australia and the United States, influenced by commodity prices.

Major currency pairs typically have tight spreads and high liquidity, making them attractive to traders seeking stability and ease of trading.

Minor Currency Pairs

Minor currency pairs, also known as cross-currency pairs, do not include the USD. Instead, they consist of major currencies traded against each other or against a basket of currencies. While they have lower trading volumes compared to majors, they still offer opportunities for traders. Some examples of minor currency pairs are:

EUR/GBP (Euro/British Pound): Reflects the economies of the Eurozone and the United Kingdom.

EUR/AUD (Euro/Australian Dollar): Reflects the economies of the Eurozone and Australia.

GBP/JPY (British Pound/Japanese Yen): Reflects the economies of the United Kingdom and Japan.

Trading minor currency pairs may involve wider spreads and less liquidity, but they can offer diversification benefits to a trader's portfolio. Traders interested in specific regions or currency economies often look to minors for opportunities.

Exotic Currency Pairs 0230

Exotic currency pairs consist of one major currency and one currency from a developing or emerging economy. These pairs are less liquid, have wider spreads, and can be more volatile. Traders often view exotic pairs as riskier due to political instability, economic uncertainties, or low market depth. Examples of exotic currency pairs include:

USD/TRY (US Dollar/Turkish Lira): Reflects the economies of the United States and Turkey.

USD/ZAR (US Dollar/South African Rand): Reflects the economies of the United States and South Africa.

EUR/TRY (Euro/Turkish Lira): Reflects the economies of the Eurozone and Turkey.

While exotic pairs can offer higher profit potential, they also carry higher risk. Traders should exercise caution and employ robust risk management strategies when trading these pairs.

Conclusion

Understanding the differences between major, minor, and exotic currency pairs is essential for forex traders. Major pairs offer stability and high liquidity, making them ideal for beginners and risk-averse traders. Minor pairs provide diversification opportunities and reflect specific currency economies. Exotic pairs, although riskier, can offer higher profit potential for experienced traders willing to navigate their volatility.

In the dynamic world of forex trading, choosing the right currency pair is a strategic decision that should align with a trader's risk tolerance and market analysis. Whether it's the stability of major pairs, the diversification of minors, or the potential of exotics, each category offers unique opportunities in the forex market.

JRFX ( https://www.jrfx.com/?804 ) , your reliable partner in navigating the forex market with precision and confidence.

[allaboutforexworld]

Volume Trading: Forex Trading Strategy Explained

In the world of Forex trading, understanding market movements is crucial. One such method to gain insights into market behavior is through Volume Trading. This strategy involves analyzing the volume of trades to make informed decisions about buying or selling currency pairs. In this article, we will explore the concept of Volume Trading, its benefits, and how it can be effectively used in Forex…