Basics Of Base Currency On Forex Market
In a direct quote, the native currency is always listed as the base currency. Here, the Usd is the base and the SGD is the counter currency.
In insuring Forex trades with options presume in terms of a call on the counter currency bought with the base currency. With a put in hedging Fx trades the trader what is more acquires the put on the quote currency making use of the base currency. When purchasing options tradesmen pay for the right to buy in the accident of a call assent and sell in the incident of a put agreement. They are no way under any obligation to do consequently.
Lot Size - number of assets, products, or base currency defined in the contract over 1 lot.