- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Quick Forex lesson
Posted on 1/10/14 at 1:34 pm
Posted on 1/10/14 at 1:34 pm
I have to post this after something I saw on Poli board talking down the dollar (which has actually held up quite nicely as of late, though a move down to 78 wouldn't surprise me)...
In the Forex market the bottom currency in a pair (I'll use the USD/CAD) is the quote currency. The top is the base currency. When the USD/CAD is at 1.09 that means that it takes 1.09 CAD equal 1 USD.
with the eur/usd at 1.36 that means it takes 1.36 USD to equal 1 eur.
I'm by no means a FX expert and have lost more than I've made in currency trading overall, but always verify when the average joe is talking about the currency market.
In the Forex market the bottom currency in a pair (I'll use the USD/CAD) is the quote currency. The top is the base currency. When the USD/CAD is at 1.09 that means that it takes 1.09 CAD equal 1 USD.
with the eur/usd at 1.36 that means it takes 1.36 USD to equal 1 eur.
I'm by no means a FX expert and have lost more than I've made in currency trading overall, but always verify when the average joe is talking about the currency market.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News