New trend begins in old trend Forex Spot Rate buying low is a standard currency trading strategy. 4 Trading characteristics
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Follow us: USD/CAD 1.3063 -0.0010 -0.08% MARKETS TO TRADE More specifically, that the currency you bought will increase in value compared to the one you sold.
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How to get an edge and trade like the “house” Usually a quote will be presented with four numbers after the dot, for instance 1.2356. In the case of EURUSD it means for every Euro the trader wishes to buy he will have to invest 1.2356 US dollars. Any change in the currency value will usually be seen on the fourth figure after the dot, mainly known as a pip. The spreads, gains and losses will usually be presented in pips.
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FOREX The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means the bid is the best available price at which you (the trader) will sell to the market.
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