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  • VW Forex

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    Forex involves buying and selling currencies, with currency pairs indicating the exchange rate between a base and quote currency, such as EUR/USD. Major currencies traded in forex include the US dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar, and Swiss franc, with the most common currency pairs pairing one of these major currencies with the US dollar. Minor currency pairs contain the US dollar, while cross pairs do not use the US dollar at all.

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    VW FOREX

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    Forex involves buying and selling currencies, with currency pairs indicating the exchange rate between a base and quote currency, such as EUR/USD. Major currencies traded in forex include the US dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar, and Swiss franc, with the most common currency pairs pairing one of these major currencies with the US dollar. Minor currency pairs contain the US dollar, while cross pairs do not use the US dollar at all.

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    1 views6 pages

    VW Forex

    Uploaded by

    owinovictor897
    Forex involves buying and selling currencies, with currency pairs indicating the exchange rate between a base and quote currency, such as EUR/USD. Major currencies traded in forex include the US dollar, euro, Japanese yen, British pound, Australian dollar, Canadian dollar, and Swiss franc, with the most common currency pairs pairing one of these major currencies with the US dollar. Minor currency pairs contain the US dollar, while cross pairs do not use the US dollar at all.

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    of 6

    VW FOREX

    ACADEMY
    WHAT IS FOREX

    Forex means foreign exchange


    What is traded in forex is buying &selling of currencies
    What is a currency pair? A currency pair is combination of a base currency &quote
    currency e.g. EUR/USD
    USD/CHF in this it means 1USD =1.6350 CHF
    When you buy you are going long while when you sell you are going short
    Bullish up currency pair
    Bearish down currency pair
    MAJOR AND MINOR
    CURRENCIES TRADED IN
    FOREX

    MAJOR CURRENCY
    MAJOR CURRENCIES PAIR
     USD  GPB/USD
     EUR  USD/CAD
     JPY  AUD/USD
     GBP  USD/CHF
     AUD  USD/JPY
     CAD  EUR/USD
     CHF  NZD/USD
    Minor pairs have USD in them
    Cross pairs doesn’t have USD in them e.g. CAD/JPY
    PICTURE OF THE NOTES

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