I had checked the spot rate before making the USD to EUR transfer and the money that I got in my bank account was actually higher than the result given at that day’s spot rate, so I ended up making a slight profit of a few euros on the exchange. The most important thing however ...
Currencies are traded in pairs. The price tells you how much of the quote (second) currency is needed to buy one unit of the base (first) currency. Currencies can be day traded at the spot rate (current exchange rate) or through derivatives. To start day trading forex you will need ...
The stock market goes up and down–that’s pretty much the definition of the market.It will go up, it will tumble down, it will wobble and fluctuate. You will gain and lose money. But the reason so many of us invest in this mercurial market is that historical data de...