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Showing posts from February, 2020

Understanding the Retail Trading Side of the Forex Market

The Foreign Exchange Market, also known as Forex (FX), is an international currency trading market. It is the world’s biggest and most exciting financial market, with a daily trading volume of more than $5 trillion. Essentially, the Forex market is where banks, investors, companies, governments and traders come in to swap currencies. The smaller portion of the Forex market is called the retail trading understanding or individual Forex market and because of the presence of retail Forex brokers, anyone can trade this market with as little as $100. Forex is the speculation on the price of one currency against the other as it relates to retail traders. Example, if you believe the pound will rise against the US dollar, you can buy the GBPUSD currency pair low and then sell it to make a profit at a higher price. Indeed, you’ll be in a losing position if you buy the British pound against the dollar (GBP/USD), and the US dollar strengthens. So, it’s important to know about the risks i