Forex trading can be done either by buying and selling currency pairs or by purchasing derivatives such as options and futures. Both of which is quite similar to equity trading.
#1. Buying and Selling
In simple buying and selling currency pairs, you are long on the pair with a belief that the value of the pair goes up and you benefit in the process.
For example, let us assume you purchased a GBP/USD pair at 1.2936. You will profit if the value increases to 1.2937 and above and lose money the moment the value decreases to 1.2635 and below.
The pair rises when the GBP increases in value against the US Dollar.
#1. Buying and Selling
In simple buying and selling currency pairs, you are long on the pair with a belief that the value of the pair goes up and you benefit in the process.
For example, let us assume you purchased a GBP/USD pair at 1.2936. You will profit if the value increases to 1.2937 and above and lose money the moment the value decreases to 1.2635 and below.
The pair rises when the GBP increases in value against the US Dollar.
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Расширенный режим Обычный режим