Trade ideas, forecasts and market news are at your disposal as well. View live CRUDE PALM OIL-RINGITT FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. Fcpo change from uptrend to downtrend. Find point for good short entry. Jan 15, 2018 How to trade Crude Palm Oil Futures ( FCPO ) 15012018. Market is expecting SPPOMA 1-15 Jan output forecast. 15 Jan Cargo surveyor ITS & SGS forecast Malaysia’s 1-15 Jan palm oil export data. 16 JAN 01:00 National Oilseed Processors Association (NOPA) Crush Report.
Understand basic forex terminology.- The type of currency you are spending, or getting rid of, is the base currency. The currency that you are purchasing is called quote currency. In forex trading, you sell one currency to purchase another.
- The exchange rate tells you how much you have to spend in quote currency to purchase base currency.
- A long position means that you want to buy the base currency and sell the quote currency. In our example above, you would want to sell U.S. dollars to purchase British pounds.
- A short position means that you want to buy quote currency and sell base currency. In other words, you would sell British pounds and purchase U.S. dollars.
- The bid price is the price at which your broker is willing to buy base currency in exchange for quote currency. The bid is the best price at which you are willing to sell your quote currency on the market.
- The ask price, or the offer price, is the price at which your broker will sell base currency in exchange for quote currency. The ask price is the best available price at which you are willing to buy from the market.
- A spread is the difference between the bid price and the ask price. [1]