Conversion operations - this is the treatment of one currency to another at an agreed rate of the two parties to a certain date. The basic approach to profit is to buy a currency and sell cheaper, but at a higher price, or vice versa, you sell more, then buy it the same, but cheaper. This approach is called arbitration. Temporary arbitrage - is the opening position at one time and closing it after some period after the movement of prices. Spatial arbitrage - trading with a small difference in prices in different financial markets at this particular moment in time. In this case, the position is opened and closed almost simultaneously, in time catch profitable difference in prices. Cross-arbitration - profits made on foreign

exchange transactions in a few of some other currencies (eg, Dollar - Yen - Pound - Dollar). The minimum value of variable pricing is called point. We consider the 4 major currency pairs: GBR / USD, EUR / USD, USD / CHF (item - one ten thousandth), USD / JPY (point - one hundredth). Numerator - the base currency, the denominator-listed. All commercial transactions are conducted on the base currency, the value of the item is determined by the quote currency. Also, trading can be carried out on cross-rates among major currencies: EUR / CHF, EUR / GBP, EUR / JPY, GBP / CHF, GBP / JPY. The bill, which the trader is trading operation known as margin. The ratio of the deal, authorized by the bank, and a real credit trader in the margin account, called the credit side. Different banks offer your shoulder to the level of 1:5 - 1:500. Depending on the conditions of the temporary spot and distinguish between transactions forward exchange markets. Spot-if operations are at current prices, with immediate compliance payment obligations (within 2 working days). Estimated market share spot is 60-70%. Forward - The principle of the same, difference only in the timing. It carried out the transaction to the performance of contractual obligations in the future, in time, which is more distant than the spot market. World trade is conducted around the clock and stayed only for a period weekends and national holidays. Transaction is considered completed only when a mandatory condition: if, after direct transaction (purchase or sale) is the inverse (respectively, the sale or purchase). When buying an open position is called the long (long), with sales - short (short). Before closing the position emerging in the course of development of market opportunities that have not yet become a reality, called a floating profit or loss of floating.