Books - Magazines - 7 Basic Forex Rules for Beginners, Simplify Your Forex Trading

Published on April 13, 2019
Published by tanyajack
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#819
Free

Description of item

More specifically, the spot forex is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another. When a deal is finalized, this is known as a "spot deal". It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement.

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Location

Country
Australia
Region
Adelaide
City
Adelaide