Beginner Guide to Investing Forex Trading Currency Trading – MAKE THOUSANDS 2019

The currencies you’ve always got to decide what you’re betting against as well as what you’re betting for I don’t need to do that shares I just say I’m buying Tesco and hoping Tesco goes up but in the currency markets you’re always trading pairs of currencies so as one rises and other Falls and so on now it is possible for all currencies in the world to rise or fall again say a commodity like gold well that’s not the same point within the currency world everything’s zero-sum so you’re always trading a pair you’re not just picking off one at a time and that’s something to bear in mind when you trade currencies if you’re bullish about sterling you are presumably bearish about something else jadwal tv

The euro for example okay so let’s take a look at how a typical foreign exchange quote works it’s a little bit fiddly it’s not quite as straightforward as say pesco shares but it’s not too bad so first of all what are these currency pairs I’m talking about well there are half a dozen or so major currencies around the world Sterling’s one of them the euro the yen the Swiss franc the US dollar the Australian dollar and the Canadian dollar these are all major currencies and because currency traders like to keep things quick they’re all shortened so when you’re spread betting for example you’ll often see sterling described as GBP and you’ll see US dollars described as USD so all currencies have these little three-letter acronyms euro not surprisingly or you ye you are

And so on so make sure that you’re aware of what the major currency pairs look like shorten because otherwise you’ll look at that and thing with no idea what that means what this means is I’m thinking about betting on sterling against the US dollar then you get a rate now the currency on the left is the one there is one off so what I mean by that is a typical rate will come with two prices just like when you buy your holiday money you walk into the bank and you say I’d like some dollars to go on holiday and they say fine we’ll sell you dollars at this rate and then if you try and go back two weeks later and sell some of the dollars you haven’t used on holiday you find they apply another rate and not surprisingly it works out in their favor not yours currency markets not surprisingly use