What are Base and Quote Currencies? | FXTM Learn Forex in 60 Seconds

What are Base and Quote Currencies? | FXTM Learn Forex in 60 Seconds

In forex, currencies are traded in pairs. The first currency in a pair (highlighted here in green) is called the base currency. The second currency in a pair (highlighted here in orange) – is called the quote currency. The quote currency is sometimes referred to as the counter currency. The best way to understand base and quote currencies is in terms of exchange rates. An exchange rate of 1.14020, for…

The mathematician who cracked Wall Street | Jim Simons

The mathematician who cracked Wall Street | Jim Simons

Chris Anderson: You were something of a mathematical phenom. You had already taught at Harvard and MIT at a young age. And then the NSA came calling. What was that about? Jim Simons: Well the NSA — that’s the National Security Agency — they didn’t exactly come calling. They had an operation at Princeton, where they hired mathematicians to attack secret codes and stuff like that. And I knew that…

Crypto Market Analysis | How to Answer Rank Questions in Cindicator app

Hi everyone, my name is Ivan And today I would like to show you how to answer the rank questions on digital assets in the Cindicator application I hope it will be very helpful and will improve the quality of your forecasts. We will use our web application in this case. For the rank question you need to put a number of options in a certain order. For example a…

What are the “Major” trading currency pairs? | FXTM Learn Forex in 60 Seconds

What are the “Major” trading currency pairs? | FXTM Learn Forex in 60 Seconds

The seven most traded currency pairs in forex are called the Majors. They are: The Euro / US Dollar The US Dollar / Japanese Yen The Pound Sterling / US Dollar The Australian Dollar / US Dollar The US Dollar / Swiss Franc The US Dollar / Canadian Dollar and, The New Zealand Dollar / US Dollar The Majors are often referred to by their nicknames: The Euro The Yen…

What is Fiat Money?

Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Fiat Money” Money has no intrinsic value and cannot be redeemed, but is made legal tender through government decree. All modern paper currencies are fiat money. The value of fiat money depends on the strength of the issuing country’s economy. Inflation results when a government issues too much fiat money. Fiat…

What is a Currency?

What is a Currency?

Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Currency” Currency can best be defined as tokens used as money in a country. In addition to the metal coins and paper bank notes, modern currency also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash. Typically currency refers to money…