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Sophia Mason , Business Consultant at Business Trends Inc Best forex trading techniques and skills comes with practice of patience, discipline and a stronger mindset with accurate trading strategy I nephew making great profits and recommended SignalSkyline. You can learn basic things about fx, and also play quiz, which can help to improve your knowledge. Kullawat Talerngsuk at Beltontechnology. Bhanu Sree , Student at Vignan's University. Embeds 0 No embeds.
No notes for slide. Meaning of Foreign ExchangeThe term Foreign exchange implies two things: Forex is the international market for the free trade ofcurrencies. Traders place orders to buy one currency withanother currency. Factors influencing ExchangeRatesAs with any market, the forex market is driven by supply and demand: Types of exchange rates 9. Direct quotation is also called home currency quotation. Indirect quotation is also called foreign currency quotation Theories which determine the prices of forex rateconsidering inflation, interest rate, and elasticity of priceetc..
Long Run Theory of ExchangerateDetermination: Purchasing power parity theoryFounder —Swedish economist Gustav Cassel in According to this theory ,the price levels and the changes in these price levels in different countries determine the exchanges rates of these countries currencies. This theory is based law of one price. The process that ensures that the annualized forwardpremium or discount equals the interest rate differential onequivalent securities in two currencies.
Mental stop means that you already set you limit of your loss. A hard stop is your initiative to stop when you think you must to stop it. If USD goes down , you have a double dose of pain.
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