currencies are traded in dollar amounts called 'lots'. one is equal to 1,000$, whcih control 100,000.$ in currency.
currencies are always traded in pairs in FOREX.
some of common pairs are
EUR/USD EURO /US DOLLAR "EURO"
USD / JPY US DOLLAR / JAPANESSE YEN "DOLLAR YEN"
GBD / USD BRITISH POUND / US DOLLAR "CABLE"
USD / CAD US DOLLAR / CANADIAN DOLLAR "DOLLAR CANADA"
AUD / USD AUSTRALIAN DOLLAR / US DOLLAR "AUSSIE DOLLAR"
USD / CHF US DOLLAR / SWISS FRANC "SWISSY"
EUR /JPY EURO / JAPANESSE "EURO YEN"
Friday, July 3, 2009
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