Understanding How Forex Works

To learn how forex works keep in mind that the transaction is made up a currency pair such as the euro and the US dollar. Each pair is written in a specific format, and their exchange rate is indicated also. In the case of the euro and USD this is written... More

To learn how forex works keep in mind that the transaction is made up a currency pair such as the euro and the US dollar. Each pair is written in a specific format, and their exchange rate is indicated also. In the case of the euro and USD this is written as EUR/USD = 1.288. This means it costs 1.288 US dollars to purchase one Euro. Less