Discussion of Forex Trading and Currency Trading

what the difference between buy and sell for the forex rate (currency rate)?

i have CAD in my hand. if i want to convert in USD should i BUY by multibly the rate or SELL by divide the rate or the oppposite?????

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This entry was posted on Tuesday, September 30th, 2008 at 7:28 am and is filed under forex trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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3 Responses to “what the difference between buy and sell for the forex rate (currency rate)?”

  1. Stavros Says:
    September 30th, 2008 at 7:28 am

    Go to http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=USD&submit=Convert
    If you have CAD you multiply with the lower rate that is bid.
    A tip.Always use the less rate so if you have CAD 1 CAd is currently 0.9964 USD.
    Suppose you have dollars.Then take the lower price again that is with 1 Dollar you have 1.0350 CAD, the reciprocal

  2. chukky t Says:
    September 30th, 2008 at 7:28 am

    Go to http://www.tradeoracle.ch

  3. Reeal J Says:
    September 30th, 2008 at 7:28 am

    Forex Rates: Forex rates are also termed as FX rates or foreign exchange rates. The difference between two currencies, of different countries is specified in Forex rates.

    Currency Rates: The simplest definition of currency rate is, exchanging currency with one country to another. In currency trading, four variables are involved. The four variables of currency trading are currency, currency exchange rate, and time and currency interest rate.

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