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?
Many consider the year 1880 A.D. to mark the beginning of modern foreign exchange. The reason for this is that it was during this year that the gold standard was first introduced.
Word of the day
"Ascending Trend Line" - A bullish pattern that traces the successively higher low prices reached by an asset over a period of time.
required margin in quote currency = trade size in units / leverage X exchange rate