Cryptocurrency Prices, Charts And Market Capitalizations | ForexMony
| # | Name | Price | Changes 24H | Changes 7D | Changes 1Y | High 24H | Low 24H | Market Cap | Volume 24H | Available Supply | Price Graph (7D) |
|---|
Invest in Forex
Forex Trading: A Brief Overview
Forex, short for Foreign Exchange, is the global market where currencies are traded. When you invest in forex, you are essentially betting on the value of one currency relative to another.
How does it work?
Currency pairs: Forex trading involves trading currency pairs. For example, the EUR/USD pair represents the euro against the US dollar.
Exchange rate speculation: Traders speculate on whether the value of one currency will rise or fall against another.
Buying and selling: If you think a currency will rise, you can buy it. If you think it will weaken, you can sell it.
Profiting from volatility: Profit is made from the difference in the exchange rate between the time of purchase and the time of sale.
