Forex Fundamentals💥👨‍💼🕵️‍♀️ (Don’t Miss a single Post, Follow Today http://bit.ly/2IblW9d Join Facebook Group http://bit.ly/2JAuBEA Join Telegram Group t.me/BOproFAQ Download Free PDF for Basics http://bit.ly/2UfNlLh ) The first point is to offer an explanation of forex markets in general: Exchange of currencies is ruled by the laws of supply and demand. Here is hypothetical example: Apple (A US based corporation) sells 1 million handsets across Europe, raking in 500 euros per product. EUR (€) is the base currency. They use HSBC for clearing, so these funds are received there. However, Apple reports in dollars, and their governing account is with BOA. So Apple made €500m which sits in the HSBC account in Luxembourg. Those funds now need to flow to their BOA account and changed to USD. They now need to exchange currencies. The transfer order comes in on Tuesday at 4 pm UK time. It will not be transferred immediately. Banks will accumulate all their USD orders during the night. These may have arrived up to a month ago. The UER/USD pair is trading on Wednesday morning at 6 GMT at 1.27000. So Apple’s account with BOA will receive 635 million USD at 8 am EST. The order is fixed at 1.27000. How can banks or retails investors make money from this transaction??? This is the question, Stay connected for reading the answer :) #NMBO488

Forex Fundamentals

(Don’t Miss a single Post, Follow Today http://bit.ly/2IblW9d
Join Facebook Group http://bit.ly/2JAuBEA
Join Telegram Group t.me/BOproFAQ
Download Free PDF for Basics http://bit.ly/2UfNlLh )

The first point is to offer an explanation of forex markets in general: Exchange of currencies is ruled by the laws of supply and demand.

Here is hypothetical example: Apple (A US based corporation) sells 1 million handsets across Europe, raking in 500 euros per product. EUR (€) is the base currency. They use HSBC for clearing, so these funds are received there. However, Apple reports in dollars, and their governing account is with BOA.

So Apple made €500m which sits in the HSBC account in Luxembourg. Those funds now need to flow to their BOA account and changed to USD.

They now need to exchange currencies. The transfer order comes in on Tuesday at 4 pm UK time. It will not be transferred immediately. Banks will accumulate all their USD orders during the night. These may have arrived up to a month ago.

The UER/USD pair is trading on Wednesday morning at 6 GMT at 1.27000. So Apple’s account with BOA will receive 635 million USD at 8 am EST. The order is fixed at 1.27000. How can banks or retails investors make money from this transaction??? This is the question, Stay connected for reading the answer

#NMBO488

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