What is forex and how does it work?
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What is forex and how does it work?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
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Re: What is forex and how does it work?
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile.
Re: What is forex and how does it work?
aldermansource escreveu:While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile.
If the pound rises against the dollar, then a single pound will be worth more dollars and the pair’s price will increase. If it drops, the pair’s price will decrease.
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Re: What is forex and how does it work?
It is the first time you can view and compare the result of forex transactions made by the seller and us. You can compare the transactions easily on the following website: "Compare Real Forex Trading" For better transparency, we attach the results of current fxblue and myfxbook and past test.
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Re: What is forex and how does it work?
Hello, friend. If you are interested in Forex and want to start making money with that then you should check out this article http://usforexbrokers.com/compare/inter ... -vs-oanda/ with the additional information about this quite complicated topic. So make sure start with it if you want to learn more. Wish you good luck with your first trades.
Re: What is forex and how does it work?
This is something that I dont really understand.. I think its quite hard to make money with forex
Re: What is forex and how does it work?
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Re: What is forex and how does it work?
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Re: What is forex and how does it work?
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Re: What is forex and how does it work?
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Re: What is forex and how does it work?
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Re: What is forex and how does it work?
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