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Thread: Chapter 1, Part II. What is a trading object in the FOREX market?

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    Default Chapter 1, Part II. What is a trading object in the FOREX market?

    Commander in Pips: Ok, troops, who can answer me this one simple question?

    Pipruit: Well, we’ve just investigated that the FOREX is a money market, so I assume that the trading object of the market is MONEY.

    Commander in Pips: That’s right son.

    Pipruit: But I do not quite understand one thing. The point is that if we want to buy something, we should pay money for it. And here, on FOREX, we should pay money for purchasing the same money. I’m confused a bit.

    Commander in Pips: Well, I’ll try to help you. You just have said: “we should pay money for purchasing the same money”. But this is not quite correct. You pay money, yes, but purchasing not the same but different money.

    Pipruit: Hm…

    Last edited by AsstModerator; 12-25-2013 at 08:16 PM.

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