What are the types of pairs and currencies in the Forex market?

1 Answer

Answer :

What is a currency pair?It is a currency against another currency, forex currencies are available in pairs, you cannot sell or only buy one currency, you must buy or sell a currency in another currency and this is the reason behind trading in Forex in pairs.Example:The currency of the European euro against the currency of the US dollar, in the language of traders these two currencies are called "the euro-dollar pair" and the symbol for this pair is EUR / USDSecond: Forex Types and Pairs:Major CurrenciesMinor CurrenciesCross pairs (crosses)Exotic Pairs

Related questions

Description : Full convertibility of a rupeee means - (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply Explanation: The full convertibility of the Indian currency means ... governmental control. Presently, the issue of capital account convertibility is in the discussion stage.

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

Description : Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially ... depreciate in the free market D. Allowing their currencies to appreciate in the free market

Last Answer : B. Officially devaluing their currencies

Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government

Last Answer : B. Depreciate in value relative to other currencies

Description : Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially ... depreciate in the free market D. Allowing their currencies to appreciate in the free market

Last Answer : B. Officially devaluing their currencies

Description : Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies 

Last Answer :  the forces of demand and supply in the foreign exchange market

Description : Full convertibility of a rupeee means (1) purchase of foreign exchange for rupees freely (2) payment for imports in terms of ruppes (3) repayment of loans in terms of rupees (4) determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Last Answer : determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Description : Were can I get some reliable advice on the forex trading market?

Last Answer : Check out ForexTrading.com. They should be able to point you in the right direction. They have a lot of good info for beginners and experienced foreign exchange traders. If you're looking to get ... about their own problems let alone give any kind of decent advice on any kind of trade market.

Description : The Open Market Operations [OMOs] is an important tool of– (A) Forex management (B) Liquidity management (C) Inventory management (D) Marketing management

Last Answer : Answer: Liquidity management

Description : What are the advantages and features of the Forex market?

Last Answer : The financial market for currency exchange - Forex - today is a great way to improve your financial condition. Forex trading provides for earnings that are based on the difference in exchange rates. ... to the Internet and, of course, the desire to work and earn money are also prerequisites.

Description : How to make money on the FOREX market? Secrets of seasoned traders

Last Answer : So, let's imagine that you are a beginner trader of the world currency exchange FOREX. You are faced with quite urgent tasks: learning how to make money, learning how to do it consistently and ... . All these investments usually pay off from the very first deduction of the broker to your account.

Description : How to make money on the Forex market

Last Answer :  the daily turnover of the foreign exchange market has increased several times, amounting, according to the latest data, to about 4 trillion. American dollars. This growth was mainly due to the widespread development of ... the player will be able to predict where the price will go - down or up.  

Description : Why would anyone put even one cent into crypto-currencies when theft seems to be the main way to make money?

Last Answer : Cryptos are very hgh tech Ponzi schemes anyway. Just ask anyone who bought bitcoin before Thanksgving. It’s called Fear Of Missing Out, and people get so wrapped up in it they lose sight of any rational behavior.

Description : Do you think the CCP attempt to crack down on crypto currencies must backfire in the end?

Last Answer : I think China is showing that state power is what backs up a currency, not just a conspiracy of quants moving numbers around. They're ahead of the game in creating a usable, state backed crypto, ... other route and make crypto safe havens in the west, we could have a serious problem down the line.

Description : Would it be beneficial to permit ATM'S to print currencies?

Last Answer : answer:A lot more ATMs would get stolen. I think the days of the atm are nearly over. Fewer and fewer people have need of paper money.

Description : Would you invest in bitcoin or future online virtual currencies?

Last Answer : answer:Maybe when it's more commonly accepted (probably not universally , but even credit cards aren't universally accepted) as currency. I've long been in favor of private currency ... universally accomplish via inflation. Silent, and tacitly accepted abetted by people who should know better.

Description : What do you think of state currencies?

Last Answer : I think I have enough to worry about.

Description : What are should someone know before investing in crypto currencies?

Last Answer : Buy low sell high

Description : I need to create an account to credit currencies like coin & Ether, someone help me?

Last Answer : After much searching, the company with the best interest and lowest rates I got was h t t p s : // yazing . com/deals/ block fi /MauroVargas

Description : When did the currencies of the Mozambique come in circulation?

Last Answer : When did the currencies of Mozambique first come in circulation

Description : What is cross rate ? (A) A rate of exchange derived from central bank (B) A rate of exchange between two currencies, other than those that form a market's principal rates (C) A rate of ... for buying currencies (D) A rate of exchange quoted by a dealer in foreign exchange for selling currencies

Last Answer : Answer: A rate of exchange between two currencies, other than those that form a markets principal rates

Description : The purpose of devaluation is to : (1) be little foreign currencies (2) encourage exports (3) discourage exports (4) encourage import

Last Answer : (2) encourage exports Explanation: Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can be exchanged. It makes exports more competitive and imports more expensive.

Description : Which two countries agreed to trade in their local currencies? (a) Saudi Arabia and Pakistan (b) China and Pakistan (c) Japan and China (d) None of These

Last Answer : (b) China and Pakistan

Description : ____________ rate is the ratio for exchange of two currencies.

Last Answer : Exchange,

Description : If the Japanese yen depreciates against other currencies in the exchange markets, this will: A. Have no effect on the Japanese balance of trade B. Tend to worsen the Japanese balance of trade C. Tend to improve the Japanese balance of trade D. None of the above

Last Answer : A. Have no effect on the Japanese balance of trade

Description : Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Last Answer : D. A basket of currencies

Description : Rather than constructing their own currency baskets, many nations peg the value of their currencies to a currency basket defined by the International Monetary Fund. Which of the following illustrates this ... . IMF tranche B. Special Drawing Rights C. Primary reserve asset D. Swap facility

Last Answer : B. Special Drawing Right

Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies

Last Answer : The domestic currency is undervalued relative to other currencies

Description : Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against ... currencies C. Be officially revalued by the government D. Be officially devalued by the government

Last Answer : A. Appreciate against foreign currencies

Description : Which of these is not the function of IMF? (a) It provides mechanism for orderly adjustment of exchange rate (b) It provides mechanism for international consultation (c) It provides forum for ... of international trade disputes (d) It is a reservoir of the currencies of all the member countries

Last Answer : (c) It provides forum for settlement of international trade disputes  

Description : COUNTRIES AND CURRENCIES

Last Answer : Brazil ................................................:Cruzeiro Real Bulgaria ....................................................... ... are: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.

Description : The purpose of devaluation is to : (1) be little foreign currencies (2) encourage exports (3) discourage exports (4) encourage import

Last Answer : encourage exports

Description : What is some recommended reading for FOREX trading strategies?

Last Answer : answer:I think it is important for you to be acquainted with the basics of technical analysis (trend line, support/resistance, MACD, etc). You can probably find articles on that on Wikipedia and investopedia. Hope that helped. Good luck.

Description : Is it safer to trade in forex then in stock?

Last Answer : Currency trading is attractive on paper but it is extremely volatile. Conventional wisdom says you should only invest pocket money in it. Traditional stock trading still has the best risk/reward ratio in my opinion ... for far less than their real value for someone who's in it for the long haul.

Description : what do you know about forex trading management apps?

Last Answer : a forex broker will charge a small fee to the client to roll-over the expiring transaction into a new identical transaction for a continuation of the trade

Description : What is the solution for CFDs and forex trading?

Last Answer : Trading on stock exchanges is becoming increasingly attractive for several . The exchange market is far and away the most important and is rightly considered to be particularly popular. this is often ... can read more hereandreas-produkttests.de/2019/08/fortissio-die-losung-fur-cfds-und-den.html

Description : What is the best web site for download the forex indicators free?

Last Answer : Here is some site."forex profit indicators"

Description : What is Forex Account ?

Last Answer : The foreign currency account is the deposit of foreign currency by the native citizens residing abroad. These accounts are conducted in foreign currency.

Last Answer : Forex Trading Being , Bengali In language This one Revenge To say To go You can Yours Things Change By To another From His Things Taken. Usually That's it Refers to Of the country Currency Or ... Currency Or In money Revenge Or Exchange Karakei Forex Trading Says. Hope I do To understand Got it.

Description : Hello, what do you think about forex trading? Today, a guy called me and offered to invest through their company ETX Capital. I found something about her here, for example, http://www.investomanie.cz/ ... instead of a summer job, maybe their demo without money, but I still don't believe it much.

Last Answer : Hi, Forex is a pretty tough affair, in my experience you certainly won't make money trading what someone from a broker calls you. The only way through testing and learning, the long-term profitable ... relatively science. I have never heard of anyone making money by trading on the broker's advice.

Description : How to choose forex signals ?

Last Answer : It is important to think about all the various aspects of what each trading signal provider is offering before a choice is made. After trusting the choice that is made then trades can be placed in the market.

Description : How can we earn in Forex trading?

Last Answer : Via broker .... You can't directly trade into forex market without legal and authorised permission. But, you can trade via broker. They provide you software and technical support for trading in forex ... risk and you can lose money. So without proper knowledge and strategies, you cannot get profit.

Description : Is Forex trading beneficial? Does it need high knowledge?

Last Answer : Forex trading is beneficial if you are good in predicting financial outcome. What determines financial trends are positive and negative news, people follow this news to make predictions. But even with ... and understanding market trends, and it is knowledge that is gained overtime and not once.

Description : What is Belajar Trading Forex?

Last Answer : Belajar trading forex is a france based company which is work on binary method.In this you have to guess whether the graph line is gone up or down in your selected trading time. You can start ... trading they also provide demo trading in which you can practice and know more and more about trading.

Description : What is Mobile Forex Trading & mt5 trading platform?

Last Answer : MT 5 is one of the popular software that is being used by many exchangers who allow their users to trade the currency in forex market. The MT5 forex exchange marketplace seems to be pretty good platform and also pretty easy to learn if you are into the forex.

Description : What is Mobile Forex Trading Platform ?

Last Answer : MT5 also known as the meta trader in the mareket is the popular trading platform and it has been out in the market for some time now. I used to work on that platform but long enough time frame it did not worked out for me. I personally prefer other options now.

Description : What do you know about forex trading?

Last Answer : It's very profitable but risky as well. Without proper caution, a trader could loose an entire investment on a single trade. Forex trading is basically exchange, the monetary engagement of buying ... recommend a beginner trader starts with options as it's a bit less complicated than forex trading.

Description : How to Choose the Best Forex Broker?

Last Answer : One of the most important things a trader can do to ensure that he or she is a successful forex trader, is to select the best forex broker. Forex brokers are what make trading possible for most average ... give you a good idea of how the market works, but also how the broker works.Traders will also

Description : How long does it take to do the forex demo?

Last Answer : It take about 2 hours to 5 hours to do the forex demo. You can read more information at www.fxcm.com/open-free-100k.jsp or www.thepowhatan.com/forex-demo-accounts/

Description : What is the advantage of using forex trading software?

Last Answer : Forex trading software simplifies most of the transactions of forex trading, and gives greater control over the decision making process. You can generate reports and study trends, and make better choices overall. It is definitely worth investing in such a tool.