FOREX Currency Prices

In the beginning, Forex was not accessible to everyone. But now, with the advent of the Internet, everyone who can access the Internet can open a Forex Online and can start trading currencies. The Forex market is an over the counter market and is accessible to everyone. Forex is not exactly a market in the conventional sense, as it has no physical central trading points or locations.

The market in which the currency is bought and sold at the market rate is known as the spot market.

In the foreign exchange market, the value of the currency is expressed in relative terms. Suppose Euro / Dollar is 1.32000. So the value of one euro is $ 1.32000. A currency pair is what is operated.

At the time of operating Forex, we do not buy the currency as if we were going to a bank to buy it, but rather that we operate in the Forex with Lots. There are three different types of lots. Mini, standard, and micro are included. In the standard lot, you can have 100,000 units of your currency. In the mini-batch, this is reduced to 10,000 units. In the micro-lot, it is reduced to 1000 units. A merchant can have three different types of accounts. The deposit that must be held to open or maintain a position is known as margin.

There are two types of operations in the Forex. The first is the long position when the technical Forex trader (เทรดเดอร์Forex สายเทคนิคคอล which is the term in Thai) tries to win with an increase in price. The second is the position in which the Investor aims to win with a decrease in the price. This is called a short position, and this is when we put a sale instead of a purchase in our account.

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