Petr Hanisch (AliaWeb)
Currencies  |  September 13, 2012 17:51:44

Why do forex trading currency pairs? Where can I find the current rates?


Why do forex trading currency pairs? Where can I find the current exchange rate?

Forex stands for Foreign Exchange, which can be translated as "foreign exchange" or "exchange of currencies." On the forex market, currencies are traded in pairs, as this can determine the price of one currency against another. If this were not so, for example, the dollar without comparison to another currency had no value, respectively. its value could not be determined. When trading you can find current courses directly vv trading platform provided to you by your broker.

What are the fees for trading in forex?

The forex fees are usually in the form of the spread, which is the difference between buying and selling price of the instrument. The difference between the current rate and the one you get, make up your cargo to enter the position. When the position is closed already ascend at the current price in the market, therefore you only load when entering the store. The amount of spread is very small, starts at 0 points, when you enter the position with zero cost. On most pairs varies in level from 0 to 300 CZK for opening large lot, whose volume is 100,000 EUR.For an idea to roughly 0% - 0.0012% of the contract.

Other questions and answers can be found in the Counseling Center for Forex here

Counseling about forex managed by X-Trade Brokers

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