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Post by fertoiks on Dec 15, 2020 21:56:53 GMT
Quite simply, forex trading is the act of buying and selling currencies. This is the world’s largest financial market with a daily turnover of $5 trillion and it involves many people – and many currencies. Because you are always buying one currency using another currency, you trade ‘currency pairs’.
Want a visual explanation?
Take a look at this short video:
How can you take advantage of exchange rate changes?
Exchange rates change all the time, and forex traders attempt to take advantage of these changes. Here’s a quick example:
Let’s say you travel abroad and you go to an exchange and use $500 to buy euros. After a week, you come back (without spending a single euro) and exchange your euros back to dollars – but you receive $505, because during the week, the exchange rate changed. This is a profit of 5 dollars, which you made by trading currencies.
Of course, nowadays you don’t need to leave the house to invest in the price of currencies – and you don’t even need to actually buy the currencies. Thanks to online forex trading anyone can invest in the price of different currencies from home - or even from their smartphone - and take advantage of changes in price.
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Post by vondesiong on Dec 16, 2020 20:42:47 GMT
Many brokers offer very attractive educational resources for their participants. Moreover, they are absolutely free of charge. The lessons come in different formats including video tutorials. You can check the fxpro usa site to get more information about Forex market. But you will need to try a demo account to feel how everything works. It will show you the market from inside.
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