Those numbers on Forex, Stocks, or Crypto markets showing prices went up and down. What exactly happened behind the scene?
In: 1
Anything can happen behind the scenes. Absolutely anything. What those numbers mean is that somebody exchanged at this rate, and previously somebody exchanged at a higher or lower rate, so the exchange rate has changed in some direction.
Why was one set of parties willing to exchange at one rate and then later a different set at a different rate? You’d have to ask those people. What the price means is the number people are willing to exchange at right now. Why would you be willing to do that? It could be because of some algorithm you have, or it could be because Jupiter is in Pisces and you accidentally dropped your lucky rock. Or it could be because some news came out about the weather in Peru and according to your theory that’s going to affect coffee prices in Amsterdam which will ruin the CEO’s day.
Basically all market prices are like that. Stocks, bonds, crypto, whatever.
Latest Answers