Learn more about Forex Trading

Learn more about Forex Trading

Forex trading is a type of business that is currently in great demand. But we all know that playing Forex requires courage as well as strong logic. Avoid fear as well as greed in the Forex business.

Forex trading, this is the new business 

Forex trading is the action of buying or selling a particular currency pair.
The first listed currency is called the “base currency ” and the second is the “counterparty currency”or”quoted currency”.

In FX trading, the base currency is a reference to any stock to buy or sell.

The above exchange rate indicates to us that they are Requirement1.07 USD to buy Euro. If you buy EUR / USD, you buy euros and sell US dollars. If you sell EUR / USD, you sell euros and buy us dollars.
Bid price is the price on the left and is usually lower than Ask price. This is the price at which you can sell a currency pair.

Ask price is the price on the right, also known as the ” Offer price.”This is the price at which you can buy a currency pair.

The difference between these two prices is called the spread.
According to the previous Bid / Ask spread, Ud can sell 1 Euro for 1.13229
and you can buy 1 Euro for 1.13245

Opening and closing positions

FX trading involves two things, buying and selling. Open a position with the first share, whether buying or selling a currency pair. Closing the position you opened, requires that you fulfill one and the same the opposite effect.

Long / Short

“Long” means buying a currency pair with the expectation of its increase. The sale of a currency pair after it is valued represents profit.

“Short” means the sale of a currency pair in anticipation of its impairment. Buying the pair after impairment will ensure profit.

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