Tag Archives: Quote

All About A Forex Quote

 

Forex Trading – All about a Forex Quote. The word FOREX is derived from the words “FOReign EXchange. Unlike other financial market in the world, Forex is open 24 hours every day where there is always a major financial center open where banks, dealers, hedge funds, corporations, individual investors and speculators are trading currencies.
 
The cumulative buy and sell of a currency causes the value of your Forex investment to move either up or down. There are numerous factors that cause the fluctuation of exchange rate. A country’s political, social and fundamental economic environment and their central banks fiscal policy, interest rate adjustment are some of the common factors. To have a better understanding how the currency exchange rate can affect the value of your Forex investment, this article will concentrate on the topic of Forex Quote.
 
Currencies are traded in pairs and each currency has its own symbol. For the Euro dollar- it is EUR, Japanese Yen – it is JPY, for the Pounds Sterling – it is GBP, and for the Swiss Franc – it is CHF. Hence, EUR/USD would be Euro-Dollar pair. GBP/USD would be pounds Sterling-Dollar pair and USD/CHF would be Dollar-Swiss Franc pair and so on and so forth.
 
You will always see the USD quoted first with few exceptions such as Pounds Sterling, Euro Dollar, Australia Dollar (AUD) and New Zealand Dollar (NZD. The first currency quoted is called the base currency. This is not surprising as the U.S. dollar is regarded as the central currency of the Forex market and is involved in nearly 90% of all Forex transactions.
 
So how are these currency pairs quoted on the Forex market? You will see two numbers on all Forex quotes. The first number is called the bid and the second is known as the offer (or the ASK) price. Take for instance EURUSD, you will see 1.4625/1.4630. The first quote of 1.4625 is the bid price, the price where traders are prepared to buy Euro against the USD Dollar. The second number 1.4630 is the offer or ask price and it is the price traders are prepared to sell the Euro against the US Dollar. You will notice that there is a difference between the bid and the offer price. This difference is known as the spread. Based on the previous EUR/USD quote, you know that 1 Euro is equal 1.4625 US dollar.
 
The way profit is measured of a currency is by “pips” or point. PIP is the acronym for price interest point. If the EUR/USD moves from 1.4625 to 1.4655 that is 50 pips. A pip or 0.001 is the last decimal place of a currency quotation with the exception of the Japanese Yen and Yen cross rates. A price movement for the USD/JPY from 111.10 to 111.60 will be 50 pips.
 
The objective and goal for all Forex Traders are to profit from foreign currency movements. The rewards of trading Forex are immense and the amount of money you can earn can be life changing and ultimately leads you to achieve financial freedom. This requires continuous and adequate understanding and training in Forex education. This education may include understanding technical analysis, chart pattern and formation, trade management such as stop loss and profit target and money management. And if you invest and get the right Forex Trading knowledge, you can enjoy long term currency trading success.
 

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Bathroom Remodel Quote

Before undertaking a bathroom remodel, it is necessary to get a bathroom remodel quote. This will go a long way in helping you make a budget for your bathroom remodel project and will also aid you in deciding what part of the remodeling to stick with and which to ditch.

A bathroom remodel project can be a complex one particularly if you are redesigning the whole bathroom or doing some more complicated work that involves plumbing or electrical work. In such a case, it is most expedient for you to work with a bathroom remodel company.

Before you decide on a particular bathroom remodel company, you should scout around for reputable companies that have a history of delivering high quality professionally done work on time. When you have narrowed down a list of bathroom remodel companies, request a bathroom remodel quote from each. This should help you in your decision on what company to work with.
Getting bathroom remodel quotes from multiple bathroom remodeling firms is a straightforward affair and sometimes as simple as going to their websites on the internet and filling in your information. The challenge arises when you have not yet decided what form your bathroom remodeling project should take.

If you plan to just make surface changes or light alterations, it would reflect as much in any quote you will get from a remodeling firm. That would also apply if you choose to make more complex changes such as resizing or a complete overhaul of the amenities in the bathroom.

Your bathroom remodel quote should feature your plans and design for the bathroom including light fixtures, tiling jobs and any other related change. Bear in mind that even though most bathroom remodeling firms are willing to consult with you in order to come up with a solution for your bathroom that would be satisfactory to you, you need to have  clear idea of what you want in your bathroom.

To aid you in this, browse home improvement sites on the internet as some come equipped with pictures to help guide you. Also go through current home improvement magazines to get ideas about trends and styles. Sometimes, something as simple as an added accent to your tiling job can change the look of your bathroom.

You also need to determine what you want to change completely and on what you just want a little enhancement work done. For instance you might decide to carry out a reglaze of your bath tub instead of replacing it with a brand new one.

Once you have a clear idea of the design you want in your bathroom and what changes you are willing to make to achieve that design, go ahead and request a bathroom remodel quote from the firms you have narrowed down. Be sure to compare prices and quality of material to be used before you make up your mind. Regardless of how much more affordable a particular firm is, research their reputation before you give them your job.

Shawn Hickman is the Search Marketing Manager for Sears Home Improvements. For more information on getting a Bathroom Remodel Quote , visit the Bath Remodel Services section of the Sears Home Services website or call 1-866-238-5142.