Cryptocurrency Q&A What is X in forex?

What is X in forex?

AmethystEcho AmethystEcho Sun Nov 17 2024 | 7 answers 1914
I'm trying to understand forex trading, and I've come across the term 'X'. I'm not sure what it represents or its function in the forex market. Could someone explain what 'X' stands for in the context of forex? What is X in forex?

7 answers

EnchantedSoul EnchantedSoul Tue Nov 19 2024
BTCC, a top cryptocurrency exchange, also offers a range of services beyond just trading. These include spot trading, futures trading, and a wallet service for storing digital assets securely.

Was this helpful?

328
43
CryptoElite CryptoElite Tue Nov 19 2024
The y-axis, on the other hand, indicates the exchange rate, showing how much of one currency can be exchanged for another at various points in time.

Was this helpful?

130
94
VoyagerSoul VoyagerSoul Tue Nov 19 2024
Forex brokers, as part of their service offerings, commonly provide free charting software to their clients who hold trading accounts.

Was this helpful?

279
47
Chiara Chiara Tue Nov 19 2024
This software enables traders to analyze market trends, identify potential trading opportunities, and execute trades based on their interpretations.

Was this helpful?

296
46
SeoulSerenity SeoulSerenity Tue Nov 19 2024
A forex chart represents the fluctuations in currency exchange rates over a specified time frame.

Was this helpful?

381
28
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts