6 Ways of Winning Huge Profits in Forex

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5. Exchange Rates

Currency exchange rates are determined by the currency exchange market. A currency exchange rate is typically given as a pair consisting of a bid price and an asking price. The asking price applies when buying a currency pair and represents what has to be paid in the quote currency to obtain one unit of the base currency. The bid price applies when selling and represents what will be obtained in the quote currency when selling one unit of the base currency. The bid price is always lower than the asking price

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