Finance
Bill Gates may have been following his friend Warren Buffett’s recommendations on how to trade his Forex investments..Bill Gates was 2006′s.world’s richest man.
How to trade in the Forex market
The basic notion to understand in knowing how to trade Forex is that there are always two currencies in every pair, a BASE and a TERMS. The BASE is forever the first currency in the pair and is always equal to 1. The succeeding currency in the pair is the TERMS and this declares to you how much currency you could get for 1 unit of the BASE currency. For instance, if EUR/USD is trading at 1.4840, it means 1 Euro is worth 1.4840 US Dollars. When the exchange rate climbs, the ‘terms currency’ is weakening against the base, and the base is obviously increasing against the terms. Currency trading is the simultaneous buying of one currency and selling of the other.