Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Forex Tutorial: How to Read a Currency Quote 🙌. That video is uploaded by UKspreadbetting at 2017-08-17T03:30:02-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [IUUmoucb5l0]
| Name | Forex Tutorial: How to Read a Currency Quote 🙌 |
| Video Uploader | Video From UKspreadbetting |
| Upload Date | This Video Uploaded At 17-08-2017 10:30:02 |
| Video Discription | ✅ Trade with our Sponsor Broker: Trade Nation http://www.financial-spread-betting.com/ccount/click.php?id=95 ✅ Check our website: http://www.financial-spread-betting.com/ ✅ Please like, subscribe & comment if you enjoyed - it helps a lot! How to read a currency quote http://www.financial-spread-betting.com/forex/forex-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Let's look at some examples; EUR/USD - 1.32 - the currency on the left hand side is called the base currency. When trading a currency you are always trading one currency against another i.e. you trade them in pairs in relation to each other. For one EUR how many US Dollars do I get - and the answer to that is 1.32 USD/JPY - 102.5 For 1 USD you get back 102.5 Japanese Yen. GBP/USD - 1.58 For 1 Pound Sterling I get back 1.58 US $ EUR/USD 1.32 - 1.33 USD/JPY - 102.5 - 102.6 GBP/USD - 1.58 - 1.59 Let's say we go long GBP/USD - what we are doing is going long GBP, short USD i.e. buying Pound and selling Dollar. When we see a broker with a currency quote we will see two quotes say GBP/USD: 1.58 - 1.59. If we want to buy this we would need to buy at the ask of 1.59 IUUmoucb5l0 |
| Category | Education |
| Tags | currency trading | how foreign exchange trading works | what is base currency | forex tutorial | what is a currency quote | forex trading |
