The rate of unemployment in the US currently stands at 4.5%, and in the UK it’s at 4.7%. With competitive job markets, a lot of people have to think outside the box to generate income for their livelihoods.
Fortunately, trading and investment opportunities are available for everyone in an array of different forms, including Forex trading. A currency pair consists of a base currency and a quote currency. In the GBP/USD pair for example, the British Pound is the base currency while the US Dollar is the quote currency. When you are trading Forex online, the units of quote currency listed is in relation to the base currency. For eg, When it says that the GBP/USD pair traded at 1.2496. This indicates that £1 is equivalent to US$1.2496 at that point of time. Read More