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Trade
Forex Quotes
The quotation is the price of goods, which appoints the seller or the buyer and on which they intend to sell or purchase. The product can be various metals and raw materials, and stocks,bonds and different assets sold in the market. In the Forex merchandise due to the currency.
Forex quotes allow us to determine the exchange rate of one currency relative to another, that's why they are called the currency quotes on Forex. In a broader sense, the quotation sets the course and other assets such as securities or commodities. Quotations of currencies in the Forex market consist of supply and demand, which have the influence of big banks are called market makers. They form 20% of the total number of global banks 60% of the scale of trading operations is carried out by market makers. Other banks, market users conduct a query of the Forex quotes online.
Then these quotes are the representatives of the participants of currency trading on the international financial market, that is(dealing centers) or the so-called (brokers), and they have misleading quotes Forex online traders with the help of the trading terminal. Market makers have an advantage over ordinary traders who see only news and Forex quotes. Big Bank is aware of how much and what kind of currency is sold and bought by him or any other Bank.
Each quote consists of two elements: BID - the price at which the client can sell the base currency; the ask price at which the client can buy the base currency for quoted currency.
The quotes is categorized into unilateral and bilateral. In unilateral declares only one price. Bilateral have different price of buying and selling. Their difference is called spread,on it and earn honest dealing centers. So, quotations of currencies in Forex are bilateral.
In conclusion, the above easy to conclude that Forex is an international interbank market. Where parties to transactions are: Central banks, commercial banks, investment banks,dealers,brokers, pension funds, insurance companies, etc.
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| Category: Forex | Added by: (30.10.2017)
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| Views: 274
| Rating: 0.0/0 |
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