Currency Exchange

Marlene asked:


im looking at seeing if i can make some money off exchanging currencies? but i would like to know basically how it works?

asked:


I am doing a project on currencies, i need to know how the exchange rate of different currencies is determined. for example, INR to US$ is approx Rs.45. So how is this determined. Please dont give a 1 line answer, give the complete process or the link to the source.

Thinker asked:


How do currencies get their value? Are there set formulas that make the value go up & down? What factors determine the exchange rate of a currency?

pinkcinnamon3 asked:


It’s actually hilarious, that I analyse the charts, read the commentary and follow the news, yet EVERY time I open a position, the currencies go the other way. Any tips?

Kevin S asked:


I’m sure we’ve all seen the estimates/data that so many billion (think it may have been one trillion, actually) go through London every day, and approximately 30% of that is on the EUR/USD during those times. Where can I find the most accurate (or most likely to be) and most comprehensive figures on these (hopefully several currencies averages by hour frames would be ideal). Thanks for your help!

lxvnrsw asked:


I’m just starting forex trading and was wondering what tracking program would be best for me to begin to do Technical Analysis with. It would be nice if I could use a free program or at least a low cost one but if I need to I’ll spring for a program to help me track currencies and develop a trading strategy. User friendliness is key because I’m a totally novice trader. Any reading materials for learning better TA or websites are also greatly appreciated.