Forex
What is Forex Trading?
The foreign exchange market is one of the most widely traded markets in the world, with an average daily transaction volume exceeding US$5 trillion.
It is one of the largest and most liquid financial markets in the world, with different currencies being exchanged continuously as individuals, companies and organizations conduct business globally.
There are no centralized locations or exchanges in the foreign exchange market, so trading is available 24 hours a day, from Sunday night to Friday night.
How does foreign exchange trading work?
When trading forex, you usually speculate on whether the price of the base currency pair will rise or fall against the currency.
So, in the GBP/USD currency pair, if you think the GBP will rise against the USD, go long (buy) the currency pair.
Conversely, if you think the pound will fall against the U.S. dollar (or the U.S. dollar will rise against the pound), short (sell) that currency pair.
Benefits of Forex Trading with CFG
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