Forex currency trading foreign exchange learn forex
The term “currency trading” can mean different things. If you want to learn about how to save time and money forex currency trading foreign exchange learn forex foreign payments and currency transfers, visit XE Money Transfer.
XE does not offer speculative forex trading, nor do we recommend any firms that offer this service. These articles are provided for general information only. How Forex Works The currency exchange rate is the rate at which one currency can be exchanged for another. Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair. USD rate represents the number of US Dollars one Euro can purchase. If you believe that the Euro will increase in value against the US Dollar, you will buy Euros with US Dollars.
If the exchange rate rises, you will sell the Euros back, making a profit. Please keep in mind that forex trading involves a high risk of loss. Forex is the world’s largest market, with about 3. 2 trillion US dollars in daily volume and 24-hour market action. You can trade on leverage, but this can magnify potential gains and losses.