currency trading?

Question

what is currency trading? How does it work?

Answer 1

Currency trading (also known as FX and Forex) is the buying and selling of currency pairs to hopefully make a profit doing so. Fundamental and technical techniques are a must.

95% of all new traders to FX lose their entire accounts by 90 days. The brokers in this unregulated market would like you to believe that it's easy to make lots of money. They would be wrong.

If you want to do this...... don't invest a penny for over a year. Read as many books as possible in this time and paper trade. In FX (as well as stock trading) Money Management is more key to success than having more winners than losers.

Don't use "alert" services. Don't buy systems that "always beat the market".

Consider yourself warned.........................

Answer 2

Currency trading is a type of trade or transaction of a country's currency against another country's currency (currency pair / pair) involving the major currency markets in the world for 24 hours continuously.
Given the level of liquidity and accelerating the movement of high prices, foreign exchange has also become the most popular alternative because the ROI (return on investment or return on investment) and profits to be obtained can exceed the average trade in general. Due to the rapid movement, then the foreign exchange market also has a very high risk.to invest you can visit http://hiwayfx.com

Answer 3

ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account. Zulu is ideal for traders who are newcomers in the World of Forex and for traders who do not have the time to trade on their own. go for more details hiwayfx.com

Answer 4

it is a good business. The foreign exchange market works through financial institutions, and it operates on several levels. Behind the scenes banks turn to a smaller number of financial firms known as “dealers,” who are actively involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the “interbank market”, although a few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions.
The foreign exchange market assists international trade and investments by enabling currency conversion. For example, it permits a business in the United States to import goods from European Union member states, especially Eurozone members, and pay Euros, even though its income is in United States dollars. It also supports direct speculation and evaluation relative to the value of currencies, and the carry trade, speculation based on the interest rate differential between two currencies.
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Answer 5

You sell your USD to buy EUR at the airport before you fly to Europe.