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Message Board >
What is forex trading?
What is forex trading?
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Guest
Guest
Apr 11, 2025
2:14 AM
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Forex trading, short for foreign exchange trading, is the act of buying and selling currencies to make a profit. It’s like exchanging money when you travel to another country—but with the goal of earning from changes in currency values.
For example, if you think the Euro (EUR) will become stronger compared to the US Dollar (USD), you can buy the EUR/USD pair. If the Euro's value goes up, you can sell it later for more dollars and make a profit.
Forex trading happens in the foreign exchange market, which is the largest financial market in the world—trading over $6 trillion every day. It’s open 24 hours a day, five days a week, and anyone from individual traders to big banks can take par
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Guest
Apr 11, 2025
8:53 AM
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Guest
Apr 17, 2025
12:50 AM
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