How to trade currency

Currency Exchange, Forex, FX – these are all terms used to describe the exchanging of one currency for another; for example, the exchanging of U.S. Dollars to British Pounds. In the foreign exchange market, this is viewed as buying pounds while simultaneously selling dollars. Because two currencies are always involved, currencies are traded in the form of currency pairs, with the pricing based on the exchange rate offered by dealers in the forex market.

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