he first point to remember is that any time you are trading in the Forex markets, you are actually exchanging one currency for another. In the world of Forex trading, currencies do not have value by themselves -- they only have a comparative value that is expressed as a Forex quote. So if we are looking at the EUR/USD, the number that is given as its value shows the number of Euros that can be used to buy the US Dollar. If we are looking at the GBP/JPY, we can see that number of British Pounds that can be used to buy one Japanese Yen.
The first currency is referred to as the base currency and the second currency in the pair is referred to as the counter currency. So if you believe that the first currency is likely to rise in value, then it is generally a good idea to take a long position (buying the currency pair). If, however, you believe that the second currency is likely to rise in value, it is generally a good idea to take a short position in the currency pair. Recent market reports from
http://newsletters.getresponse.com/archive/ourreview/Forex-Precog-Review-System-Free-Download-206695703.html
http://gr8marketingideas.com/forex-precog-software-review/
The first currency is referred to as the base currency and the second currency in the pair is referred to as the counter currency. So if you believe that the first currency is likely to rise in value, then it is generally a good idea to take a long position (buying the currency pair). If, however, you believe that the second currency is likely to rise in value, it is generally a good idea to take a short position in the currency pair. Recent market reports from
http://newsletters.getresponse.com/archive/ourreview/Forex-Precog-Review-System-Free-Download-206695703.html
http://gr8marketingideas.com/forex-precog-software-review/
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