FULL FORM OF FOREX

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            FOREX stand for Foreign is1000change. Foreign Exchange is the trading of one currency for another. Foreign exchange transactions can take place on the foreign exchange market also known as Forex market. Foreign Exchange is a global market where national currencies are exchanging with one another. Foreign exchange trading utilizes currency pairs,priced in term of one versus other.

 WORKING METHOD OF FOREIGN EXCHANGE

          The market determines the value also known as an exchange rate of the majority of currencies which are traded on exchange. Foreign exchange can be as simple as changing one currency for another at a bank. Trading currencies are listed in pairs,such as USD/CAD,EUR/USD, USD/JPY etc. This represents the U.S. dollar USD versus the Canadian dollar CAD, the Euro EUR verses the USD and the USD verses the Japanese Yen JPY.
       There will be be a price associated with each pair,such as  1.5432. If this price was associated with the USD/CAD pairs it means it costs 1.5432  CAD to buy one USD. If the price increases to 1.7328 then it now costs 1.7328 CAD to buy one USD. The USD has increased in value as CAD decreases,because it now costs more CAD to buy one USD.
      In the forex market currencies are traded in lots named micro lots,mini lots and standard lots. A micro lot is 1000 worth of a given currency, a mini lot is 10,000 and a standard lot is 100,000. In forex market trading is done in lots only such as micro,mini and standard. If an individual wants to trade in forex market then he has to trade in lots only where as he can trade in so many lots of micro,mini or standard. For instance he can trade 10 lots of micro or 20 lots of mini or 5 lots of standard according to capacity and risk appetite.
    

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FULL FORM OF NSCCL

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