![]() ![]() You’ve exchanged one currency for another. When you do this, you’ve essentially participated in the forex market! You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!” You go up to the counter and notice a screen displaying different exchange rates for different currencies.Īn exchange rate is the relative price of two currencies from two different countries. If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. ![]() Quite simply, it’s the global market that allows one to trade two currencies against each other. How to add a New Contract, Chart, and DOM Courses Infomation MLT Advanced Fibonacci Trading Course MLT Advanced Fibonacci Trading Course ![]()
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