In forex trading, a currency pair is bought or sold at an exchange rate that is reflective of the condition of the two economies when compared with each other.
Did you know?
U.S. President Richard Nixon is credited with enabling a free-floating currency system after ending the Bretton Woods Accord.
Word of the day
"Fundamental Analysis (FA)" - A method of market analysis that concentrates on external factors such as the economic, geopolitical and social climates that affect or could affect the price of an asset. Fundamental analysis is largely based on the belief that assets are always either overpriced or under-priced, and constantly in effort to reach their true value.
Stable Internet connection is a pre-requisite for trading.