What is trading in Forex?
The simplest answer is MONEY . Meaning national currencies.
Because something is not really bought, the business of change is a bit complicated, so we will use a simple example to help explain it.
You have determined that the purchase money as purchasing shares in a land , like purchasing shares in the fabric.
Pricing usually refers to the market view on the quality of the current and future market economy.
In the foreign exchange market, for example, the Japanese currency (yen), you have no choice but to buy shares in the Japanese economy.
You are confident that Japan’s economy is doing well and that there will be future growth.
If you sell these “stocks” in the market, you are expected to make a profit.
In general, exchange rate fluctuations reflect the economic situation of this country on the economies of other countries.
By the time you graduate from Pipsology , you will be ready to work with different national funds.
Big Money
Just as there are many currencies that you can trade, as a new exchange trader, it is possible to start a business with large “funds”.
They are called “big currencies” because they are the most traded currencies and some of them represent the largest economy in the world.
Currency traders have disputed over what they call Big Currencies.
As a rule of thumb, law enforcement like children consider the USD, EUR, JPY, GBP, and CHF as major currencies.
They then called the AUD, NZD, and CAD “stocks” .
In our case, the rebels, in order to alleviate the situation, simply call the eight coins “big bucks.”
Below, we list them with their symbols, Countries used, currency names and interesting game
Currencies are marked with “three letters” , the first two letters indicate the name of the country in which they are used, and the last letter indicates the currency of the country in which they are used, usually referring to the first letter of the national currency.
These three letters are called ISO 4217 Currency codes .
In 1973, the International Organization for Standardization (ISO) issued three letters as the currency symbols we use today.
Take the NZD for example ……
NZ means New Zealand, and D means dollar.
It’s easy, isn’t it?
The currencies in this map are called “Big Currencies” because they are the most traded currencies.
Do you know? The British pound (pound) is the oldest currency in the world and has been in use since the 8th century. The new currency in the world is the South Sudan Pound, officially confirmed on July 18, 2011.
It is almost certain that “buck” is not the only game name for USD.
There are others like: greenbacks, bones, benches, benjamins, cheddar, paper, loot, cheese, bread, moolah, dead president and cash money.
So if you want to say “Now I’m going to work”
You can say, “Yo, I gotto bounce! Gotto make benjis son! ”
Have fun: In Peru, the name of the US dollar game is Coco, the animal name is Jorge (George in Spanish), which means a $ 1 note on George Washington’s $ 1 note.