Basics of forex trading

Basics of forex trading

currencies USD = US dollar EUR = Euro JPY = Japanese Yen British pound = pound sterling CHF = Swiss Franc CAD = Canadian dollar AUD = Australian dollar NZD …

currency mode

currency mode

Banks engage in foreign exchange operations. When they are bought/sold, an asset (claim) is formed in that currency and there is a liability (liability) that is formed in another currency. …