Understanding the Forex Market
Before you can be a successful trader in the Forex, you need to understand some of the basics.
What is the Forex market?
The Forex online trading environment for foreign exchange encompasses the largest, most dynamic capital market in the world with more than USD 3 trillion traded daily.
What is a currency cross?
Currencies are always priced in pairs. All trades take place between two different currencies resulting in the concurrent purchase of one currency and sale of another. For example, when you trade EURUSD, the currency cross is Euros versus US dollars. One currency will be bought (long position) while the other currency is sold (short position).
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