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Trading terms defined and explained

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).

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Published at: 2020-09-30