When you trade Forex, you will see Ask and Bid prices.
One of the things you should keep in mind when you want to learn Forex from scratch is that you can trade both long and short, but you have to be aware of the risks involved in dealing with a complex product.
You sell a currency with the expectation that its value will decrease and you can buy back at a lower value, benefiting from the difference. The price at which the currency pair trades is based on the current exchange rate of the currencies in the pair, or the amount of the second currency that you…
Buying a currency with the expectation that its value will increase and make a profit on the difference between the purchase and sale price. Undated Long Trade EUR/USD Example – Disclaimer: Charts for financial instruments in this article are for illustrative purposes and does not constitute trading advice or a solicitation to buy or sell…
