explain this FOREX to me in street words please ?
August 19th, 2008
Pilot777 asked:
This paragraph from a website and i want to understand it in street words , please tell me what is saying here in simple words :
This paragraph from a website and i want to understand it in street words , please tell me what is saying here in simple words :
Because you’re not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.
In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country’s economy, compared to the other countries’ economies.
BORDONARO