What Are The Different Types Of Forex Trading Strategies?

[martinahandy]

The term ‘forex stands for Foreign Exchange. Forex trading in simple terms is the trading in currencies from different countries against each other; for example the US Dollar against the Euro. Anyone who deals with a foreign country – be it a holiday there, or wanting to purchase something from that country or pay for a service, generally requires the currency of that country to do so. For example, to pay for your college fees at Dubai, I need to make the payments in UAE Dhirams as Indian Rupee. Like the broker who changes my Indian Rupee to UAE Dhirams, I too trade on the Forex market on my own – all it required was to open an account with a Forex broker. I selected one from ForexSQ and have been trading since then. However, Forex trading is different from exchanging money at the Foreign Exchange outlets. There is much more to Forex trading than just exchanging one currency for another. The two currencies that have the highest trading volume on the

 

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[Jeorge Waters]

So, this explаnаtion is eаsy аnd understаndаble for everyone. Nevertheless, forex is not so simple аnd you need to reаd аdditionаl sources like https://topbrokers.com/forex-swaps to be successful in it.

[Zavylon]

Thanks for sharing friend, to anyone here interested in trading I use the site called KaigaiFxForex,

https://www.kaigaifxforex.com/, they can help you Choose the Right Overseas FX Broker, give them a try, I have been working with them for years and I have no complains so far, so I always recommend them!