Overview
The foreign exchange market is a vital component of the global economy, allowing for the exchange of currencies necessary for international trade and investment. Understanding its dynamics, including currency pairs, exchange rates, and market participants, is crucial for anyone interested in trading...
Key Terms
Example: EUR/USD indicates how many US dollars one Euro can buy.
Example: In EUR/USD, a move from 1.1000 to 1.1001 is one pip.
Example: If the exchange rate of USD to EUR is 0.85, then 1 USD equals 0.85 EUR.
Example: Bullish sentiment indicates that investors expect prices to rise.
Example: Traders use charts and indicators to identify trends.
Example: Interest rate changes can significantly impact currency values.