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Cross rates

Cross rates are often used during the operations in the world market. What is it?Cross rate is the exchange rate between two currencies which results from their rate in relation to the rate of a third currency. As a rule, cross rates with t...

Chapter 5. Forex quotes

When we buy something in a shop, a price tag shows us the price of an item in the domestic currency. For example, we pay $12 for a book which is common practice for us.In the Forex market, we always trade one currency against another. There...

Chapter 7. Cross currency pairs

The trading operations on Forex are carried out not only against the US dollar. We intentionally have not touched on these operations until now to make the content more intelligible. The currency rates, which do not include the US dollar, a...

Chapter 14. Calculation of profit and loss

We have thoroughly considered the basic terms used on Forex and the main principles of margin trading. It is the time to study how to calculate profit and loss of the opened trades. We know that a trader enters the international currency ma...

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