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New to Forex
Forex, the Largest Market in the World | |
As a trader, you first decide whether you want to buy or sell. For example, if you want to place a short order - an order which allows you to profit from a falling exchange rate – all you have to do is click on the sell price for a currency pair. If, on the other hand, you want to place a buy order you simply click on the buy price and you will earn money as long as the price goes up.
An example of how buying and selling works: | |
Just as with any other financial market, individual currency pairs always have two prices: the buy price and the sell price (ask and bid). | |
