@ElayneCastro,
Forex trading as it relates to retail traders is the speculation on the price of one currency against another. For example, if you think the euro is going to rise against the U.S. dollar, you can buy the EURUSD currency pair low and then sell it at a higher price to make a profit. Of course, if you buy the euro against the dollar, and the U.S. dollar strengthens, you will then be in a losing position. So, it’s important to be aware of the risk involved in trading Forex, and not only the reward.
Stumble It!
Tweet This
Bookmark on Delicious
Share on Facebook
Share on MySpace