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 Currency Trading
 
 2/5/2007 9:25:44 AM
User is offlinejeffery
3 posts


Currency Trading
I’m a layman. Want to start my own business or otherwise invest in a country. Can someone give me the tips about currency trading? Forex trading is always an interesting subject for me. Can someone give me some idea about the subject?
 2/5/2007 9:52:16 AM
User is offlinerylan
6 posts


Re: Currency Trading
Hey,
You are from which country? Every country has its own currency. A mutual exchange of currency between the two countries takes place at the prevailing exchange rate. Say eg. a US citizen wants to exchange his 2 dollars to get the British pounds, so what he gets is 1 pound according to the rate.
 2/5/2007 10:17:03 AM
User is offlinedavis
4 posts


Re: Currency Trading
It’s the simple give and take policy; you will receive any country’s currency according to how much you give of your own country. There is a rate prevailing for this trade. All currency trading is traded in LOTS. Each lot has a different amount of currency. For example; a Swiss Franc lot has 125,000 Swiss Francs in it. A trader does not buy lots in order to buy and sell it or trade it. A trader opens a margin account, enabling him the right to trade it.
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