If you’ve ever traveled outside of your home country, there’s a good chance that you’ve already performed a currency transaction. In most cases, travelers must exchange their “home” currency for the currency of the country they are visiting. Please note that there are two currencies involved in this transaction, but only one exchange rate.
For example, when a traveler from the United States crosses the border into Canada, he or she now must exchange U.S. dollars for Canadian dollars. This traveler is essentially selling the U.S. dollar and buying the Canadian dollar.
Here is to an improved about Forex Market
Follow the link below to understand more about Forex Market:
- Forex Market
- About Forex And Beginning
- The History Of Forex
- Trading In The Retail Foreign Currency Exchange Market: What Investors Need To Know
- What Are Foreign Currency Exchange Rates
- How Are Foreign Currencies Quoted And Priced
- How Much Does It Cost To Trade Forex
- How You Make Money Trading In Forex
- How Do I Calculate Profits And Losses
- How To Read Forex Quotes
- Understanding Spread
- Understanding Pip
- Contract Size In The Forex Market
- Understanding Rollover
- Forex Broker Choice: Factors
- The Risks of Forex Trading
- Country Profiles
- Trading Strategy
- Day Trading Signals Providers Reliability
- What Was My Friend Doing Wrong
- Day Trading Strategy
- Day Trading Entry And Exit Signals
- Stop Loss Placement
- Smart Money Management
- Mechanical Trading Systems
- Design Your Trading System In Six Steps
- Create Your Own Trading System
- Trading And Risk Management
- How to Trade Using Moving Average
- How to Trade Using Bollinger Band
- How to Trade Using Fibonacci
- How to Trade Using Ichimoku Kinko Hyo
- A Study of Price Behavior
- How to Completely Replace Your Income
- Strategy: 20
- The EMAS51362
- The 10 Rules Of Trading
- A Letter From God To Forex Traders!
- Why We Trade
Good luck and happy learning foreign currency exchange.