Having rais enough money on trading with the help of a dealing center, a Forex trader usually moves on to ECN accounts because of their very positive aspects. But to trade in these systems, a minimum capital of at least several thousand dollars is requir, because this is a high-level Forex market.
Let’s consider the key instrument on Forex
currency pair”. In the following screenshot from the trading terminal of one of the DCs, a column of incomprehensible six-letter inscriptions can read:
This is the designation of currency pairs. They should read by dividing them in half, into two parts. For example, the EURUSD pair is the ratio of the price of EUR (euro) to the price of USD (dollar). The “base currency” (euro) always comes first, and after it comes the “quot currency”, in this case the dollar.
The other two columns contain
the selling and buying rates telegram number list of the corresponding currency pair. essence, this is the price of one currency (base currency) express in other currency (quot currency). simple terms: “how many dollars are given for one euro”.
In trading, the expression “price of a currency pair” is us. the Forex market, it is not customary to say “buy euro” or “sell Currency pair euro”, but the correct one is “buy the EURUSD currency pair, or open/close a position on EURUSD”.
The most trad currency pairs on
Forex are represent by the largest transaction volumes, which ensures their high liquidity. This means that at any time you can make a transaction of the largest scale at the market price: there will always be enough currency on the market.
There are seven main currency afb directory pairs that include the dollar:
There are 21 other Currency pair to a server that is directly connected to currency pairs that do not include the US dollar that are consider major. They are call cross pairs:
