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  • What is trading forex?

    Trading forex is a way to profit from the values between currencies, which are constantly changing.

    Currencies are measured relative to each other. That's why you see quotes (or exchange rates) expressed in currency "pairs", such as the following:

    * USD/JPY = U.S. Dollar value versus Japanese Yen value
    * EUR/USD = Euro Dollar value versus U.S. Dollar value
    * GBP/USD = Great Britain Pound value versus U.S. Dollar value

    There are a number of fundamental (i.e., interest rates, inflation, etc.) and technical (i.e., chart patterns, etc.) forces that drive the forex market, and cause currency exchange rates to fluctuate throughout the day.

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  • #2
    Forex trading is similar to any other trading system. In simplest words, you have to buy a product at low price and sell it when the price goes up and get profitable. Here, you trade currencies according to their strength on the live and online market. Thanks!

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    • #3
      Forex trading is a decentralized market where different currencies are traded. You do forex trading by a pair of currencies. In other words, you buy a currency at a cheap rate and get profit when the value of that currency rises against the corresponding currency.

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      • #4
        Forex trading, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. All the world's combined stock markets don't even come close to this. But what does that mean to you? Take a closer look at forex trading and you may find some exciting trading opportunities unavailable with other investments.

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        • #5
          It is the exchange of two currencies on the base of their relative strength. You are a buyer and seller at the same time as you deal with the currency pair. You can earn well by keeping a single currency for a time as well. But, it is a more difficult investment.

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          • #6
            It is the first question that a beginner asks. Word "Forex" is originated from the foreign exchange in which internation currencies are exchanged among the traders at some typical rate. It is a hard to learn business as far as I think. Am I thinking right?

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            • #7
              The foreign exchange market is the "place" where currencies are traded. Monetary forms are critical to the vast majority around the globe, regardless of whether they understand it or not, on the grounds that monetary standards should be traded keeping in mind the end goal to direct outside exchange and business.

              In the event that you are living in the U.S.and need to purchase cheddar from France, possibly you or the organization that you purchase the cheddar from needs to pay the French for the cheddar in euros (EUR). This implies the U.S. shipper would need to trade the identical estimation of U.S. dollars (USD) into euros. The same goes for voyaging. A French traveler in Egypt can't pay in euros to see the pyramids since it's not the privately acknowledged money. In that capacity, the traveler needs to trade the euros for the neighborhood money, for this situation the Egyptian pound, at the present swapping scale.

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              • #8
                It reminds me the past when I was also a newbie looking for information related to the forex market. I am quite thankful to the members of this forum who helped me a lot whenever I needed it in the past. Forex is the exchange of currencies at a particular rate which is highly variable.

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                • #9
                  You know the price of the currency changes with every second. As a trader, you have to buy the currency at low price and sell it at the higher price after some time. The currency can go down as well which will be your loss. It is the Forex trading which huge amount of people do on daily basis.

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