F inance
FOREX FOR BEGINNERS
WHAT IS FOREX?
H
ere you’ll find forex ex-
plained in simple terms. If
you’re new to forex trading,
we’ll take you through the basics
of forex pricing and placing your
first forex trades.
Forex’ is short for foreign
exchange, also known as FX or
the currency market. It is the
world’s largest form of exchange,
trading around $4 trillion every
day, and it is open to major insti-
tutions and individual investors
alike.
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FOREX EXPLAINED
The aim of forex trading is simple.
Just like any other form of specula-
tion, you want to buy a currency at
one price and sell it at higher price
(or sell a currency at one price and
buy it at a lower price) in order to
make a profit.
Some confusion can arise as the price
of one currency is always, of course,
determined in another currency.
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