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Author Topic: reserve currencies.
Alex Lin
Beginner
Posts: 27
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Post reserve currencies.
on: April 28, 2017, 05:23
Quote

Certain currencies are treated as reserve currencies. Such reserve currencies are often held in central banks and can be used to intervene in the markets to support the home currency. Having this status also means that the currency is generally accepted internationally for the payment of debts for the purchase of commodities. Because forex is basically about currency trading, so, better you gain knowledge of currency before enter this market and trade with broker like ECNCAPITAL.COM.

Vernon-
Philander
Pro
Posts: 139
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Post Re: reserve currencies.
on: May 24, 2017, 13:56
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A reverse currency is a currency that is held in significant quantities by governments and institutions as part of foreign exchange reverse. The reverse currencies are commonly used in international transactions. It is often considered as hard currency. People who live in a country that reverse currency can purchase imports and borrow across borders more cheaply than people in other nations. That’s why you can try it with Trade12 broker.

Tommy-
Wells
Pro
Posts: 144
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Post Re: reserve currencies.
on: October 21, 2017, 12:13
Quote

Forex trading can be done by both technical analysis and fundamental analysis. Reserve currency knowledge is a part of fundamental analysis. Fundamental analysis is basic of forex trading but I prefer technical analysis more. Technical analysis is a free trading method where any trader can set his own techniques for trading. For that they need experience over the market. When I was amateur I used to trade in AAFX’s demo platform for gathering experience and I still use it for making my strategies.

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