Currency and system couples demag

لمشاهدة الفيديو 

Exchange process occurs in any market, whether financial or non-financial market, which is about to swap a good or service for a fixed amount of money. For example, in the stock market when you make a purchase 1000 shares of Ford Motor Company at a price of one dollar per share, it will pay $ 1000 for a thousand shares. In the currency market, we buy the currency and pay in any other currency other hand, we are buying a currency against another currency.

Based on this, the trading in the currency market to be couples system. For example, if you decide to buy a 1000 Euros will pay another currency for the euro, it was the currency is the US dollar. In this case, we have conducted the process of buying the EUR / USD ( EUR / USD)

There are eight currencies are traded mainly in the forex They are divided into major and minor currencies currencies as follows:● major currencies (Major Currencies):The US dollar is symbolized by the USDEuropean euro symbolizes him EURBritish Pound Sterling symbolizes his GBPJapanese Yen JPY symbolizes hisSwiss Franc CHF symbolizes his● secondary currencies (Minor Currencies):The Canadian dollar is symbolized by the CADAustralian dollar AUD symbolizes hisNew Zealand Dollar symbolizes his NZD

Because trading in the currency market always include the process of buying the currency and selling another, is up to what is known as pairs trading system (Pairs), as the following examples:

(EUR / USD - GBP / USD - EUR / CHF - AUD / JPY)

The currency pair is divided into two parts:

The first currency: called currency basis.

Second Currency: called the counter currency.

And each pair exchange rate reflects what is paid from the second currency (currency interview) to buy one unit of the first currency (currency basis).

Example:

Note: to buy 1 euro, you should pay $ 1.3900

The currency pairs are divided into:

● key pairs (Majors):

It pairs consisting of the US dollar with another currency of major currencies, and these pairs are:

(EUR / USD - GBP / USD - USD / JPY - USD / CHF)

● secondary pairs (Minors):

 It pairs consisting of the US dollar with another currency of secondary currencies Examples include:

(USD / CAD - AUD / USD - NZD / USD)

● hyper pairs (Crosses):

It pairs the US dollar is not a party to it and its exchange rate is a product of the price of a couple of majors or secondary Examples include:

(EUR / JPY - GBP / CHF - AUD / CAD)

Example:

Exchange rate pair (EUR / JPY), is a product of the exchange rate pair (EUR / USD) and a pair (USD / JPY). 

Lesson Summary:

Trading currencies are couples buy any other currency system and selling at the same time.

Major currencies are (USD, EUR, JPY, GBP, CHF)

Currency secondary most famous (AUD, CAD, NZD)

Currency pair is divided into currency basis and the corresponding two-fold currency exchange rate and the price of the pair is to be paid from the counter currency to get a unit of the base currency.

Exchange

See also

exchange