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apkingly is a website that specializes in downloading mobile applications for all phones running Android and iPhone, in addition to mobile games. Such as trading and digital currency applications, photo editing applications, montages, communication sites and other applications. We single out the explanation of forex applications Forex, also known as forex trading or foreign exchange trading, is the conversion of one currency into another. It is considered one of the most actively traded markets in the world, with an average daily trading volume of $5 trillion. Take a closer look at everything you need to know about forex, including what forex is, how it is traded and how forex leverage works. Forex or foreign exchange can be defined as a network of buyers and sellers who transfer currencies between themselves at an agreed upon rate. This is the means by which individuals, companies and central banks convert one currency into another - if you've ever traveled abroad, you've probably conducted a forex transaction. While a lot of foreign currency is converted for practical purposes, the vast majority of currency exchanges are done with the aim of making a profit. The amount of currencies that are converted daily can lead to significant volatility in the price movement of some currencies. It is this volatility that makes the forex market so attractive to traders: it brings great opportunities for great profits, but also involves increased risk. Currency pairs and trading price Currencies are traded in the forex market in pairs such as the pound sterling against the US dollar, the US dollar against the euro, in order to make profits through the price differences. Currency rates in Forex are determined based on the rate of supply and demand, while the price differences between them are known as the “spread”. Below we will display the most common currency pairs in the world of Forex: The euro / US dollar is indicated by the symbol (USD / EUR). The pound sterling / US dollar is indicated by the symbol (USD / GBP). US dollar / Japanese yen and referred to as (JPY / USD). Euro / Japanese Yen and referred to as (JPY / EUR). Australian dollar / US dollar and referred to as (USD / AUD). The New Zealand dollar / US dollar is indicated by the symbol (USD / NZD). Canadian dollar / US dollar and symbolized by (USD / CAD). The forex market has a lot of different currencies from all over the world, and the foreign currencies in the market are divided into: major currencies, minor currencies and western pairs. The major pairs include the 7 most common pairs mentioned above. While in the secondary pairs, the major currencies are traded among themselves, except for the US dollar. Exotic pairs have one major and one minor currency such as USDNOK and EURTRY. Major currencies depend entirely on the most powerful economies of the world such as the United States, Japan, Switzerland, the Eurozone, Canada, the United Kingdom and New Zealand. The trading price of a currency pair is the value of the quoted currency that you can buy for one unit of the base currency. For example: the Euro and the US dollar are the most popular and traded currency pair in the forex market. When you look up the exchange rate of the Euro against the US dollar, you want to know how many dollars (the quote currency) you can buy for 1 euro (the base currency). This is through mobile

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