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Comprehension of the Basics of Forex Trading

Definition of Forex

Forex exchange or forex commonly abbreviated as (FX) is a trade that involves the exchange of currencies with the view to making gains. It is conducted by buying one currency at lower prices and selling another at a higher price while taking advantage of the exchange rate to make profits. The essence of forex is speculation and making profits from correct analysis of the market. The currencies are traded in pairs, for instance the US Dollar and the Sterling Pound, whereby an investor sells the Sterling Pound and buys the US Dollar. Continue Reading