What is Forex Trading?


Forex Trading

Known as exchange or trading currency,
Forex is one of the most traded markets in the world. 
In forex trading, traders, or traders, expect to make a profit by speculating on the value of one currency compared to another.

That's why currencies are traded in pairs - the value of one
currency unit does not change unless it is
compared to another currency.

 

For example…

COIN PAIRS

Euro vs Dolar

SIMPLE QUOTATION FOR THIS PAIR

The first listed currency (EUR) is the base currency, the second currency
(USD) is called a quote currency or a counterparty currency
All forex trading involves the simultaneous purchase of one currency and the sale of another, but the currency pair itself can be thought of as a single unit, an instrument that is bought or sold. If you buy a currency pair, you buy the base currency and the selling currency. O Bid (purchase price) represents how much of the quote currency is required for you to obtain a unit of the base currency. On the other hand, when you sell the currency pair, you sell the base currency and receive the quote currency. O Ask (selling price) for the currency pair represents how much you will receive in the quote currency to sell a base currency unit.

To start in this market, a lot of study or external help is usually needed.
Whether through learning, personal through books or through Forex courses, through Forex Signals, Copy Trade Forex or EA Forex services.

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