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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
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You want to learn about Forex?
- Foreign exchange, or forex, is the conversion of one country’s currency into another.
- In a free economy, a country’s currency is valued according to the laws of supply and demand.
- In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
- A country’s currency value may also be set by the country’s government.
- However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Yuri Shramenko Independent Trader Yuri Shramenko has been a full-time trader in view that 1989, after operating as a software program developer consultant. With no formal education apart from analyzing books withinside the overdue 80s and early 90s, his buying and selling fashion is a mixture of Fibonacci structures and his very own private structures. One of the books he recommends for the ones looking to advantage a higher angle of marketplace conduct is “The New Fibonacci Trader: Tools and Strategies for Trading Success” through Robert Fischer and Jens Fischer.
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