How does currency trading like Forex work exactly?
I understand that you buy currency in “lots” and depending if they go up or down in value you make in profit or loss.
I just don’t understand why the currencies are paired like “EUR/GBP”.
Can someone help me understand the actual process taking place when people trade currency?
currency trading i s very simple. . . . read this p? web page. . . . . . . . . . . . http://foreignexchangebasics. blogspot. com /
The couple est? consists of two coins – are the first trade as expressed in the value of the second. Is the exchange rate of the first to segundo.Para EUR / GBP, you est? euro trading as expressed in the value in pounds. 1 EUR = GBP xFor EUR / USD, you est? euro trading as expressed in the value d? U.S. dollars. 1 EUR = x USD
If you are a beginner, i suggest you to use Marketiva, which is a very good platform to start trading with and very easy to use.
Marketiva gives you 5$ real to start trading so you don’t have to deposit and if you made profit from it you can cash out, this is why it’s very good for beginners. Their platform is very easy to use and they have support during trading hours for your questions, doubts etc.
They also have chat channels where you can talk, exchange opinions and ideas with traders of your country or international traders.
To open your account please visit http://bit. ly/cnW2mV
In simple words: EURGBP = you use euros or pounds sterling to buy, the exchange rate is 1 EUR =
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