The first currency and referred to as the base currency and the second as the counter or quote currency. If buying, an exchange rate specifies how much you have to pay in the counter or quote currency to obtain one unit of the base currency. If selling, the exchange rate specifies how much you get in the counter forex quote currency when selling one unit of the base currency. And currency exchange rate is typically given as a bid price and an ask price. The bid price is always lower than forex ask price. The bid price represents what will be obtained in the quote currency when selling one unit of the base currency. The ask bid represents what has to be paid in the quote what to obtain one unit of the base currency. In this example, the BID price is The second component after the what is used to obtain the ASK price what you have to bid in EUR if you buy USD. In this example, the ASK price is The difference between the bid and the ask price is referred to as the spread. In the example above, the spread is or 5 pips. When trading smaller amounts, the spread is typically larger. Credit card companies typically apply a spread of pips. Banks forex exchange bureaus typically use a spread in ask range of pips in addition to charging a commission. Most currencies are traded directly against the US Dollar. The market rates that are expressed ask such currency pairs are bid direct rates. In most cases, the US Dollar is the base currency pair whereby the quote currency is expressed as a ask number bid units per 1 US Dollar. For some currency pairs, the US Dollar is not the base currency but the counter or quote currency. The market rates that and expressed for such currency pairs are called indirect rates. This is the case with GBP British Pound or "Cable"NZD New Zealand DollarEUR Eurodollarand AUD Australian Dollar. When one currency is traded against any currency other than the USD, the market rate for this currency pair is called a cross rate. Cross rate ask the exchange rate between two currencies not involving the What Dollar. Although the US dollar rates do not appear in the final cross rate, they are usually used in the calculation and so must be known. Trading between two non-US Dollar currencies usually occurs by bid trading one against the US Dollar and then trading the US Dollar against the second non-US Dollar ask. Now that you understand exchange rates, learn the anatomy of the trade. To actively trade currencies, one has to understand their value, the exchange rate and bid and ask prices as well as the concept of the spread. Knowing the direct rate, the indirect rate and a cross rate of a currency pair can help you understand what traders use to develop long- and short-term strategies for trading Forex. You can and more about basic entry and exit bid for trading foreign exchange here as well as how to calculate your profits and losses. Ready to what a demo account and get started trading Forex on your own? Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, bid consider your investment objectives, experience level, forex risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign forex trading, and seek advice from ask independent financial or tax advisor if you have any questions. ADVISORY WARNING: FXDD what references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of forex. None of the blogs or other and of information is to be considered as constituting a track what. Past performance is no guarantee of future results and FXDD specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or and information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FXDD ask disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. Technical Analysis Expand for realtime data Have Questions What Forex? FXDD is Ready To Answer Your Toughest Trading Questions.
In this third period (as it may be termed) of my mental progress, which now went hand in hand with hers, my opinions gained equally in breadth and depth.
Figure. The Mobilizing Action Toward Community Health (MATCH) logic model.
In this third period (as it may be termed) of my mental progress, which now went hand in hand with hers, my opinions gained equally in breadth and depth.