FXeducator Forex Trading with Ed Ponsi
Currencies trade in pairs. There can be 2 currencies but one exchange rate. Example 1: Say American gives $1000 and gets $1250 Canadian dollars. Exchange rate is 1.25. Last year he exchanged $1500 Canadian to $1000 US. So the rate was 1.50. Which means the US dollar has weakened vs. the Canadian dollar. Example 2: … Read more