FOREX

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Title: FOREX

Essay Details:

Subject: Miscellaneous

Author: Frank W

Date: July 3, 2014

Level: University

Grade: A

Length: 7 / 1882

Essay text:

Same vein, if you buy USD$ at N120 and $ appreciates to N125, and you sell, you will make N5 of each $ you bought, but unlike stocks, interest exchange rate can appreciate within 1 minute of purchase. It is this frequent change in currencies that Forex Trading take advantage of to make appreciable profit on daily basis. It is possible to make between $500 to $700 each day, or even more depending on the capital you trade with, which currencies are Trades in Forex Market. About 8 major currencies are traded by the Inter Forex Market. These are United States Dollar – USD-$ Euro - ? Japanese - ? Great Britain Pounds - ? New Zealand Dollar – NZD Australian Dollar – AUD Swiss France – CHF Canadian Dollar – CAS $ is the most traded currencies with 89% of the Advanced Trades others curries that are termed “exotic” currencies...

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