1. WHATIS FOREX MARKET? WHATIS

2. www.jrq.com WHAT IS FOREX?  Forex stands for foreign exchange. it’s also referred as FX or currency market. This is a place where exchange of one currency can be done in lieu of another such as buy US Dollar for Euro.  Buying and selling can be done for each currency pair. Trades can be executed through a broker through a trading platform. 50 percent transactions take place in US and UK market. Mostly traded currency is US Dollar against different currencies all over the world.

3. www.jrq.com CHARACTERISTICS OF FOREX MARKET World’s largest trading market Works 24*5 starts on Monday in Sydney and ends on Friday in New York Daily turnover amounts to $6 trillion approximately Almost 9/10 th part of trades taking place are in speculation market Most effective and liquid market Participants – financial firms (Banks, Hedge funds, Mutual Funds) Investors Major markets – US, UK, Europe, Australia, Japan, Hong Kong, Singapore

4. www.jrq.com Resource: Wikipedia

5. www.jrq.com SYMBOLCOUNTRYCURRENCY USDUnited StatesDollar EUREuro zone membersEuro JPYJapanYen GBPGreat BritainPound CHFSwitzerlandFranc CADCanadaDollar AUDAustraliaDollar NZDNew ZealandDollar CURRENCIES & SYMBOLS

6. www.jrq.com CURRENCY PAIRS & NICKNAMES CURRENCY PAIRNICKNAME EUR/USDFiber USD/JPYYen GBP/USDCable USD/CHFSwissy USD/CADLoonie AUD/USDAussie NZD/USDKiwi

7. www.jrq.com BASE CURRENCY AND QUOTE CURRENCY EUR-USD 1.3345 BASE CURRENCYQUOTE CURRENCY

8. www.jrq.com ASK RATE & BID RATE EUR-USD 1.3345 1.6690/1.6691 GBP-USD BID RATEASK RATE

9. www.jrq.com APPRECIATION  Price quoted against any pair talks about base currency  Chart goes up so as the base currency  E.g. GBPUSD 1.6650 1.6640 GBPUSD 1.6650 1.6640 Appreciation (Pound Appreciated against US Dollar so as US Dollar depreciated against Pound)

10. www.jrq.com DEPRECIATION  Chart goes down so as the base currency  E.g. EURUSD 1.3350 1.3340 EURUSD 1.3350 1.3340 Depreciation (Euro depreciated against US Dollar so as US Dollar appreciated against Euro)

11. www.jrq.com MEASUREMENT Pips and Big figures  Most of the currencies are traded in four digits after point(.) EURUSD- 1.3350  Japanese Yen is exception  Last two digits are pips and first two digits are big figures  E.g. EUR USD 1.3456 BIG FIGURES PIPS

12. www.jrq.com Thank You