Some basic questions about currency pairs
Chand simple se sawal hain jin par guidance mil jaye to buhat help hogi.
Consider the EUR/USD pair.
Shuru main mere pas dollars hain, so I buy EUR/USD. Iska matlab huwa k main USD bech rha hon aur EUR le rha hon, right? Now if the value of EUR/USD goes up, iska matlab huwa k EUR ki value ziada hogai aur USD devalue ho gya. So agar main nain 1.006 par EUR purchase kia aur 1.015 par wapis sell kar dia to muje profit mile ga, choonkay EUR ki ziada value ki waja se muje dollars wapis kam rate par mil jaye ga. Kia main yeh sahi samaj rha hon ya is example main koi garbarr hai??
Chand simple se sawal hain jin par guidance mil jaye to buhat help hogi.
Consider the EUR/USD pair.
Shuru main mere pas dollars hain, so I buy EUR/USD. Iska matlab huwa k main USD bech rha hon aur EUR le rha hon, right? Now if the value of EUR/USD goes up, iska matlab huwa k EUR ki value ziada hogai aur USD devalue ho gya. So agar main nain 1.006 par EUR purchase kia aur 1.015 par wapis sell kar dia to muje profit mile ga, choonkay EUR ki ziada value ki waja se muje dollars wapis kam rate par mil jaye ga. Kia main yeh sahi samaj rha hon ya is example main koi garbarr hai??
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