« Beyond the Random Walk - A New Market | Main | Day Trading Having "No Fear" to Take the Next »
November 09, 2006
Forex Trading: Calculating Profit and Loss in Foreign Currency
The foreign exchange market, or Forex market, is an around-the-clock cash market where the currencies of nations are bought and sold. Forex trading is always done in currency pairs. For example, you buy Euros, paying with U.S. Dollars, or you sell Canadian Dollars for Japanese Yen. The value of your Forex investment increases or decreases because of changes in the currency exchange rate or Forex rate. These changes can occur at any time, and often result from economic and political events. Using a hypothetical Forex investment, this article shows you how to calculate profit and loss in Forex
From Forex Trading: Calculating Profit and Loss in Foreign Currency
Posted by Greg at November 9, 2006 12:35 PM
