take a look at indirect"s and see how they can be useful too: What is the Definition of a Forex Indirect"? Direct"s refer to stating the cost of foreign currencies in terms of the buyer's local currency. When you're confused it helps to look at an example. To simplify, a direct" is a foreign exchange price"tion that can be easily understood, even by a person who doesn't necessarily know the exchange rate of their domestic currency in relation to the foreign one. The exchange rate can be"d directly or indirectly. The foreign exchange rates dont always remain the same. The price of a currency pair is also known as a".
Forex direct" vs, forex indirect"
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In some cases you may see an indirect" Forex displayed at the local exchanges, and this is where the knowledge you have gained will come in handy. This forex intraday trading ideas would be represented as USD/JPY.62. Direct and indirect"s is a terminology used when foreign exchange is being bought or sold. Base and Counter Currency, now that you understand the concept of the direct and indirect", lets look at some other related concepts. About, alex, connect with us on, google. Indirect"s on the other hand, reverse the two currencies. This is the exchange rate between the US Dollar and Japanese Yen, which means that 1 US dollar is equal.62 Yen. In an indirect"tion, its the other way around.