Forex - foreign exchange market, where buyers and sellers conduct foreign exchange transactions.
Broker - an organization that provides lending and support traders.
Bulls - traders who count on the rise in the exchange rate.
Bull market - a market with a tendency to appreciate in value.
Exchange rates - is of two kinds:
Direct quotation - the number of currency units per U.S. $ 1 (U.S. is ahead of the currency pair).
reciprocal rate - the number of units of currency per 1 euro, British pound and Swiss franc (Euro, British pound and Swiss franc currency pair is ahead).
--Published at: 2019-11-21