Making a profit by buying and selling currency, also known as (Foreign Exchange) trading, involves speculating on the changing values of global currencies. Because currencies are always traded in pairs (e.g., EUR/USD), you are always simultaneously buying one currency and selling another. 🏛️ The Core Principle: Buy Low, Sell High
Profit is generated by the difference between the opening and closing price of a currency pair. buying and selling currency for profit
You buy a pair if you expect the base currency (on the left) to strengthen against the quote currency (on the right). Making a profit by buying and selling currency,
You sell a pair if you expect the base currency to weaken against the quote currency. 🛠️ Step-by-Step Guide for Beginners also known as (Foreign Exchange) trading