Trading forex the smart way

Currency trading is an exciting alternative to trading stocks. Learn to trade currency over the internet.

24. April 2024 by Click insider / Money & Wealth

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Currency trading has a high income potential, and the risk is correspondingly high, if you are trading with high leverage. It should be noted that currency trading allows for a relatively inexpensive way to trade, and it is not necessary to start with large sums.

What is Forex?

Currency trading is speculative trading in the foreign exchange market, where the purpose is to make money on price changes in valtapar. A currency pairs, for example EURO / NOK.

When you perform a transaction in the currency market, this consists of a simultaneous purchase and sale. You can buy euros, but you must simultaneously selling another currency, such as the swedish krone or the japanese yen.

Exchange expresses the value of one currency in relation to another currency. The two currencies make up a currency pair.

FOREX is a term meaning foreign exchange. Forex stands for Foreign Exchange and includes in this respect not only value, but also commodity. Since commodities are closely related to currency, it is natural to speculate that in both commodity prices and exchange rates simultaneously. For example, there is a close correlation between oil price and gold price in relation to the U.S. dollar.

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