How to deal with currency ( in Forex )

Tuesday, July 1, 2008

How to deal with currency ( in Forex )

Will learn this lesson in how to read the currency and how to deal with it.
The lesson we have in the past that there are five main currency traders who are dealing with:

1 - USD: the U.S. dollar
2 - EUR: The euro
3 - GBP: Pound sterling
4 - JPY: Japanese yen and
5 - CHF: Swiss franc and the
The currency is writing this way.
EUR / USD = 1.8

The currency symbol, which placed first in the formula called the
base currency.
The price is the amount owed from the second currency for one
unit of currency basis.
This means that to get the euro must pay 1.8 thousand million U.S.
dollars.The currency is writing this way.
GBP / USD = 1.90 if we are required to pay U.S. $ 1 and ninety
cents for the purchase of 1 pound sterling.
EUR / USD = 1.80 and here are required to pay 1.8 dollars for the
purchase of 1 euro.
USD / JPY = 103 As we stated that we pay the second currency to
buy the currency if the base here are required to pay 103 yen to
buy $ 1 or $ 1 payment for the purchase of 103 Japanese Yen.
USD / CHF = 1.02 and here are required to pay 1.02 Swiss Frank
Willing to $ 1.
Moreover, write currency in this bearing in the deliberation
EURUSD = 1.5894
The deal means that the point of purchase 1 euro will be paid $ 1
and 84 cents and 94 points.
The points of the third and fourth digits, such as 1.8845 points
here except the Japanese yen 45 points bits are the first and
second after the interval (.) Example:
USDJPY = 103.22 points here are 22 no comma after the first two
digits

And called on the currency symbol write code before the U.S.
dollar currencies such as direct pound sterling and the euro.
And called on currencies, which writes symbol after symbol of the
U.S. dollar currencies such as direct third-Japanese yen and Swiss
Euphrates.
I would be technically and thank God we meet in the next lesson,
God willing