Binding data from a web service to a Windows Forms App

Hello,

I want to add a from a online web service, after I pasted the URL it displayed me the available service, and I created a service reference called ServiceReference1.  Now I don't know if this service can be bound to Form designer. If yes, how? 

Do I need to configure it manually in order to display data. The main intent on creating this windows form app is to display updated currency conversion rates in a table view.

I have searched online on how to do this , but I haven't found any successful article yet.

This is the first time that i try to get data from a web service, so I am a newbie on "web service for WinForms" .

Am I trying to do this in a totally wrong way? 

Here is the web service URL:

http://www.webservicex.net/CurrencyConvertor.asmx?WSDL

Admir