This is very nice term: exchange currency rate-exchange foreign currency rate.
I still sometimes have to explain to my dear that I sold US dollars and bought Japanese Yen and she still does not get it how can I earn money when the rate or the graph on the screen is falling.
Very simple stuff would not you say.
Or what is a rate exchange of AUDJPY how exchange rate conversion is done and why you immediately when you open position you are in a negative zone because of the spread. That we do not talk about what really this currency pair represent on the market.
Exchange network is also the name of the game which I guess she understands mostly. She understands that if I talk to other traders is the same as if she would talk to her girlfriend about the shoes or a shirt. Here the guys talk about the mooooney!
Have a nice weekend-trade safe. Closing the shop for today.
Have a nice summer.
