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Support Centre FREE ‘Beginners’ Forex Trading Introduction Course Currency Key Currency Pairings Large hedge funds and other well capitalized "position traders" are the main professional speculators. According to some economists, individual traders could act as "noise traders" and have a more destabilizing role than larger and better informed actors.
Total price: $49.87 Contact this broker GBP/USD 19 (pips) 1:294 Monday 21:00 - Friday 20:55 **EUR/PLN 35 (pips) 1:200 100,000 21:15 - 20:57
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For example USD/INR, here we are stating state per USD is 67.3420 rupees. The first currency of a currency pair is called the base currency, and the second currency is called the quote currency. The currency pair shows how much of the quote currency is needed to purchase one unit of the base currency. This is just a basic concept of currency trading.
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If the EUR/USD buy price is 0.70644 and the sell price is 0.70640, then the spread is 0.4 pips. If the trade moves in your favor (or against you), then, once you cover the spread, you could make a profit (or loss) on your trade.
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