When you buy shares, you can only profit when the price of your share goes up. When you
suspect that it is about to go down or that it is just going to be moving sideways, then the only
thing you can do is sell your shares and accept your losses. This is the chief reason why many
people are leaving stock trading and moving to online forex trading.
In the currency market, you can buy or sell a currency pair regardless. If you think the price is
going to go up, then you buy. If you think it is going to go down, you sell. It’s as simple as
that. This simplicity is why many people refer to it as the eternal bull market – it’s always a
good marketplace to trade in.
what is the forex trading?
What is foreign exchange trading?
The foreign exchange market is where foreign currencies, such as the Euro and the US Dollar,
are bought and sold by individuals, companies, financial institutions and international banks -
everyone if fact, who is looking to benefit from the huge potential for profit from speculation.
Foreign exchange trading has many names; some of the most popular are forex, fx and
currency trading.
When you buy and sell foreign currencies, you are buying one currency against another. This
means that when you see EUR/USD on a trading platform, you can either buy or sell this pair.
If you choose to buy, you will be buying Euros with US Dollars. If, on the other hand, you
decide to sell, you will be selling Euros with US Dollars.
The currencies explained:
EUR = Euro
USD = United States Dollar
GBP = British Pound
JPY = Japanese Yen
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