An Overview of Forex Trading
How does forex trading work? As a Forex trader, you invest in a FOREX pair. For example, a pair like the EUR/USD or EUR/JPY.
You are essentially buying one currency and selling another at the same time.The exchange rate stands for the purchase price between the two currencies.
The basic principle behind forex trading is to “buy” if you believe that the value of the base currency will increase. If you think that the value of the base currency will decrease then you “sell.”(The base is the first mentioned currency in a pair.)
Can you make money with forex trading and is it a good source of passive income?