Global forex market
is the largest market in the world with
daily reported volume over 1.8 trillion
of transaction. Forex trading market
is a place where the currencies of different
countries are bought and sold through
forex traders.........................................................[
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Currency are quoted
in pairs, such as EUR/USD or USD/JPY.
The first listed currency converter
is known as the base currency, while
the second is called the counter or
quote currency. Currency trading is
the "basis" for the buy or the sell
on the currency conversion rate. For
example, if you BUY EUR/USD................................................................[
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Interest Rate Rollover
important when positions open at 5pm
EST, there is a daily rollover interest
rates that a forex trader either pays
or earns, depending on your established
margin and position in the market. If
you do not want to earn or pay interest
on your positions, simply make sure
it is closed at 5pm EST.............................................................................[
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