In the forex market, you will buy or sell. Trading in the foreign exchange market easy Drink Milk Cup: currency trading is similar to trading with physical objects (cars, houses, food etc …), so if you have experience in the trade will be able to succeed in this area quickly.
The goal of The Binary Option Club Forex currency exchange is in another currency, hoping to change the price, is to increase the currency that will be purchased in order to be able to sell it later and get your interest rate.
The goal of the exchange rate is to provide a proportion of the value of a currency against another currency. For example, the exchange rate (Euro / US dollar) offers you this piece of information: how much you need of US dollars to buy one euro, or how much you need from euros to buy one US dollar.
How to read read the currency rates
Currency always come in pairs, such as (EUR / USD), (GBP / USD), (USD / JPY). Why it comes in the form of a pair is the nature of currency exchange, when to buy a currency at the same time will sell the currency for them. Here is an example of the exchange rate of the pound sterling against the US dollar:
Currency shown on the left of the slash ( “/”) … called the base currency (in this example, the British pound), while the second started on the right is called the counter currency or secondary currency (in this example, the US dollar).
When you buy, the exchange rate tells you how much you have to pay the secondary currency to buy one unit of the base currency. In the above example, you have to pay US $ 1.51285 to buy pounds Ostrini one.
When selling, the exchange rate tells you what. You will get Binary Option Club Scam from the secondary currency when selling one unit of the base currency. In the example above, you will get 1.51285 US dollars when selling £ 1.
The base currency is the basis of sale and purchase. If you bought a pair (EUR / USD) This means that you simply bought the base currency and the secondary currency sold any buying the euro and selling of the US dollar.
You will want to buy the pair if you think that the fundamental value of the currency will rise, and would consider selling the pair if you think that the base currency will depreciate.
Long / Short (Long / Short)
First, you must take the decision either to buy and sell either. If you want to purchase (buy the base currency and sell the secondary currency), this means that you want the key currency to increase its value to re-sell them at a higher price. Trading in the language, this “long” or “Long” is called. You’ll hear this word (Long) a lot, especially in foreign locations … all of it because it means buying.
Long = buy.
If you want to sell (sell the base currency and buy the secondary currency), this means that you want the basic currency that depreciates to re-buy them at a lower price. Trading in the language, this “short” or “Short-called”
Short sales =
Supply / demand (Bid / Ask)
All currencies are presented different Bsaran: Asking Price (Bid) and the ask price (Ask). The most important thing to remember, or that the offer (Bid) less expensive than demand (Ask).
The asking price (Ask) is the price of the underlying currency, which will sell you the mediator versus secondary currency. Also called on the asking price at the price of the proposal (offer price).
Asking Price (Bid) is the price of the underlying currency, which will be purchased by the mediator (The broker) if it decided to sell the base currency in exchange for the secondary currency.
The difference between the bid and ask price is called (spread).
In the Binary Option Club Software example above bid price (EUR / USD) is 1.34568 The rate request (EUR / USD) is 1.34588 …. spread is to put the offer price from the asking price of any (1.34588 – 1.34568) is equal to 0.0002. Or 2 points or Bibb (2 Pips). We will talk about another topic in the bib.
If you want to buy the euro click on the buy button (Buy) and at a price of 1.34588
If you want to sell the euro on the sale of a button press (Sell) and will sell at a price of 1.34568
I hope that you take advantage of this issue … in the next topic you will learn new concepts. For inquiries and inquiries, please feel free to ask in the comments under the topic, Good luck.