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What is currency trading?


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Forex trading is all about the buying and selling of currency in the difference way if any trader want to succeed he must first of all be sure that he trade with good knowledge and proper knowledge to succeed

 

Yes, if we want to improve our trading skill, we will get better in forex.Knowledge and skills will influence  our result in forex trading. But we also must understand about market movement, we should understand the characteristic of forex market.

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Currency trading is exchanging of one currency to another. For example. Aud/usd. If you want to have US dollars and you have australian dollars. You can use Buy. Meaning you are buying australian dollars using US dollars. If you have Australian dollars and you want to have US dollars then you are use sell as you are selling your Australian dollars to get US dollars.

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Right now I am focus on trading aud/usd only. Theirs a lot of currency pairs to trade. In currency trading you exchange one currency to another. For example if you trade aud/usd. If you want to have US dollars and you have australian dollars you open buy position as you are going to exchange your US dollars to australian dollars.

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Forex is is actually a short form of foreign exchange.in foreign exchange market currency pairs are traders.Forex trading is very interesting that here in this market we can earn profit by trading in currency pairs.it is very easy to predict the trend by having some trading skills and successful trading plans in this field.

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