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    This is How You Do It: Real-Time Trading Pt. 1

    Abstract:Before the ‘how’, here is the what: real-time forex trading is a form of speculation in which a trader bets on the movement in the exchange rates of foreign currency pairs. This strategy involves trading in placing an order to buy or sell a specific currency pair at the current exchange rate. In addition, it requires the use of real-time forex charting software.
    Understanding Real-Time Forex Trading

      Forex currency traders perform real-time forex trading on the foreign exchange market. They use analysis based on technical and fundamental indicators. In addition, it helps forecast the movement of the currency pair traded. As real-time currency trading is wholly electronic, execution speeds are extremely fast, allowing the trader to quickly buy and sell currencies in an attempt to cut losses and take profit.

    The Composition of Forex Trades

      As the largest market in the world, traders buy and sell various currencies. Forex trading involves the purchase and sale of currency pairs. Then, the exchange rate of the pair is the rate at which one currency can be exchanged for the other.

      In the exchange between foreign currency pairs is a factor of the base currency. For instance, the currency pair listing may appear as EUR/USD 1.3045. At this point, the euro (EUR) is the base currency, and the U.S. dollar (USD) is the quote currency. As a result, the rate costs $1.3045 to buy one euro. Buying this pair means buying the euro and selling the USD. Otherwise, selling this pair would mean selling the EUR and buying the USD. It happens by clicking a buy or sell button related to the EUR/USD pair.

      

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
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