A currency trading course may analyze the details of currency trading in a different perspective. It is similar to a Forex Trading course in many ways. Let us see what is the difference between the two courses?
At first, let us find out some of the currency trading terms. In currency trading, one currency is purchased for another currency. Normally it is expected that the value of purchased currency is appreciated relative to the currency which is sold. Buying a currency is called taking a long position while selling a currency is known as short position.
An open trade position is defined as in which the buying or selling one currency pair is not supported by the sale or purchase of adequate amount of that currency pair to effectively close the trade. In an open trade position, a trader stands to gain or lose due to fluctuations in the price of currency pair. International Standard Organizations code abbreviations are used for quoting currency exchange rates. For Example, USD/INR is for two currencies. The first currency USD is the base currency and the second currency INR is the quote currency. In purchase transactions, it explains how much quote currency you...
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