Currency quotes
The currency quotes is the way in which it represents within the Forex currency market values of the currencies that compose it.
On one hand, we can analyze the currency quotes from the perspective of the financial agent.All charts notifying the value of one currency over another are created this way:
SYMBOL BID ASK
EUR / USD 1.4909 1.4912
USD / JPY 88.90 88.93
GBP / USD 1.6656 1.6660
USD / CHF 1.0141 1.0145
AUD / USD 0.9170 0.9175
The chart above shows the currency quotes of this date: November 19, 2009There you can choose any currency pair, for example: AUD / USD where AUD is the base currency and USD is the counter currency.So, from the perspective of the bank “they” buy a AUD (Australian dollar) for 0.9170 USD (U.S. dollars) and sell for 0.9175 USD.Analyzing the same currency quotes from the investor point of view, this buys 0.9175 AUD to USD and sells at 0.9170 USD.
Profit in the Forex market is done by opening buying and selling operations of currencies taking into account the interest rate as the economic and social policies of the countries that use those currencies to operate.When you open a transaction of buying and selling taking into account the currency quotes you plan thatthe price at which you buy the base currency will fall and, consequently, more profit will be available when the currency appreciate.
The currency quotes on Forex marketare set in accordance to the offer and demand of currencies in the market.When we say that the currency appreciates we mean that its value rises relative to the currency trading (usually the dollar and the euro), while, when a currency is depreciated, it means that its value declined.
Jc Lyons is a company that get the investor closely to the transaction.Its designers drew up a platform for training operations from which you can take risks without investing real money.When you download for free the forex simulator you get $ 2000 in virtual money to perform the operations you want depending on the strategies you has drawn up taking into account, as a tool bag, the currency quotes.