Understanding basic forex terminology

"*The type of currency you are spending, or getting rid of, is the base currency. The currency that you are purchasing is called quote currency. In forex trading, you sell 1 type of currency to purchase another type.
*The exchange rate tells you how much you have to spend in quote currency to purchase base currency.
*A long position means that you want to buy the base currency and sell the quote currency.
*A short position means that you want to buy quote currency and sell base currency. In other words, you would spend sell British pounds and purchase U.S. dollars.
*The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market.
*The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market.
*A spread is the difference between the bid price and the ask price.

You have provide good technical knowledge and main points that should necessary for newbies. So when we start trading in the market we should adopt some better market strategy and take care of spread that is exist among different currency pairs.

yes dear i fully agree with you that we should understanding all basic terminology in forex trading market because without learning all basic knowledge we can not get success in forex trading so first we should try to learn all basic knowledge of forex market and then invest in it

forex ko completely jana must he agr ap forex ko earn kr le to fr ho skta he ky ap ko kise be kism ka koe masla na bane es le try krna lazi hota he ky ap ko forex me earning best aor ache ho

bhai jan forex trading business aik high international business hy is business men success hasil krny ky liy ap ko basic forex terminology ko understand krna pary ga agr ap basic terminology ko understand kr len gy to ap forex men easily aik successful trader bn jaen gy bagher terminology ko smjhy forex men success nahi mily gi

HAR KAM KE basic hoti ha jo samjna bht zarori ha aur samje begair begair aap woh kam ni kar sakte ho forex trading main bht se kam laiken basic bilkul simple ha jo follow karo tu success ho jati

agr ap forex ko earn kr le to fr ho skta he ky ap ko kise be kism ka koe masla na bane jo samjna bht zarori ha aur samje begair begair aap woh kam ni kar sakte ho

Forex ki basic termonolog ha k experience aur knowlege sub say basic aur chizein haina is k ilawa ap ko market ka pura knowledge hona chaiay aur soch samj kar trade karna chaiay aur sub say pehli chiz jo mai bhul gai hun khuda par bharosa hona chaiay aur achi niat honi chaiay na

yes dear hamen bhot knowledge aur bhot experience ki zarorat ha forex me ham bhot hard work kr ke hi suces hasil kr skte hain is lye ap ko basic termanology ko understand kr ke acha profit hasil krna chaiye jis se ap bhot kuch sekh bhi skte hain

Here you have shared some basic concepts in the market. i.e there are two positions means order types i.e long position and as well as short position. When market is in up trend then it is long and when in sell then it is short.

hello dear you are saying right my dear we must need to understand the forex basic and terminologies then we can get good knowledge by there so do hard work more and more then we can get success in this business my dear so do hard work more and more.

ji mein ap sa agree karta ho ager hmaray pass strong basic complete knowledge ho tu hum easily achi skills sa forex ko start kar sakty aur confidence sa trade kar skty aur ap ko phlay demo pa sb term ki khob practice karni chye

basic ma yahe ata hay k ham ko kasay kam karna ha.is ma kia kam hota hay.yahe sub koch forex ki basic ka ata hay is ka ilava to is ma koch b khas nahe hay k ham kaya is ma koch khas hay g.is lia yahe kafi hay

You've supply great specialized understanding as well as details which should essential for newcomers. Then when all of us begin buying and selling on the market we ought to follow a few much better marketplace technique as well as look after distribute that's can be found amongst various foreign currency sets.

forex ki basic ko jo banda sekh gaya samjho us ney forex ko sekh lia hai aur is sey us ney bahut acha kamaney k qabil ban sakta hai .