Beginner Guide to Basic Forex Trading
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The name Forex, come from Foreign Exchange Market, which also referred as “Forex” or “FX” in short. Basically it involves a pair of currency. Meaning you buy a currency in exchange to another country currency.
For example if you visit Hong Kong from US. What would you do? Go to the money changer, use your US dollar to exchange for Hong Kong dollar right? By doing so you are actually selling your US dollar and buying Hong Kong dollar so that you can spend in Hong Kong. So if you return to US, you too will exchange your Hong Kong dollar to US dollar. Now you are buying back US dollar and selling your Hong Kong dollar. By now I hope you get the idea of basic… Continue reading
Tags: Currency Trading, forex, trad
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