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trading the forex
Posted by RAJESH KUMAR
on
2:38 AM
Suppose you had $100 and bought Euros when the exchange rate was two Euros to the dollar. You would then have 200 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with.
This scenario, simple as it is, is the nub of Forex trading – buying and selling currency when exchange rates move in the right direction.
This scenario, simple as it is, is the nub of Forex trading – buying and selling currency when exchange rates move in the right direction.
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