The Foreign Exchange Market is where you can transact various currencies at different rates. With Forex trading you can exchange currency pairs such as EUR/USD and GBP/USD towards what you believe could be more potentially profitable.
It is a simple transaction between two different currencies. Forex trading is available through Contracts For Difference (CFDs), which means you need to speculate on whether the price of one currency will rise or fall against another currency.
For example, if you select to trade Forex through GBP/USD and you expect the value of GBP to rise against the USD you will go long, hence you BUY.
If you believe that the opposite will happen, meaning that the value of GBP will decrease against the USD then you will go short, hence you SELL.
Through technical, fundamental or any other analysis, speculate where the price will move.
MetaTrader 4 has established itself as the standard platform for online trading. A highly efficient platform for all levels of traders that is also available through various devices such as desktop, web browsers, tablets, and mobiles.
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