Forex transactions involve two currencies. One currency is purchased while the other is sold. Watch this video to learn more. Forex transactions involve two currencies, one currency is purchased while the other is sold.
If you bought this pair, you would be buying euros and selling dollars. If you sold this pair, you would be selling euros and buying dollars. Forex traders attempt to predict future exchange rate movements in order to profit as the exchange rate moves in their favor.
Let's look at an example. In this case, a profit of three pips. However, if the trader had bought the pair at 1. In this case, a loss of three pips. FXCM clients can buy and sell various currencies through the FX Trading Station and other platforms 24 hours a day, five days a week, with access to live executable prices and real-time streaming charts. FXCM clients have exceptional access to the forex markets.
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Overview What is Forex? Overview What Are Indices? Overview Why Trade Commodities? Description Transcript Forex transactions involve two currencies.More...