Forex Currency Basics Explained
September 20th, 2009 by TraderJoe
What is FX currency trading? Well, at it’s simplest it is exchanging one currency for another, just as you might do when going on vacation to another country. You sell your currency for the money of the place you are going to.
However, when people talk about forex (foreign exchange) trading or currency trading on the forex market, they generally mean something very different. In this case traders are constantly exchanging one currency for another (buying currencies and selling others) with the goal of making a profit when the exchange rates change.
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