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Forex Trading News
Oct
26
Global issues to drive Australian dollar
The Australian dollar is set for tough times according to a growing army of analysts…
Oct
26
Dollar holds weaker below mid-94.00s
Fading German political uncertainty lifts EUR and prompts some weakness. Flattening of…
FAQ
Simply stated, each country has its own currency. Currency trading occurs when one country’s currency is traded for another country’s currency at the prevailing exchange rate.
All currency trading is traded in amounts called LOTS. Each lot has a different amount of currency. For example; a Swiss Franc lot has 125,000 Swiss Francs in it. A trader does not buy lots in order to buy and sell it or trade it. A trader opens a margin account, enabling him the right to trade it.