The term ‘forex' stands for ‘foreign exchange', the trading of world currencies. Most of us are familiar with the term ‘trading', which means to buy and sell a product or service with the aim of realising a profit. Forex trading is therefore the process of buying and selling currencies with the aim of making a profit. If a forex trader, for example, believes that the value of the Euro will appreciate in the future, he or she will buy a certain quantity of the currency in the hope of selling it at a profit at some point.The price of a foreign currency, such as the Euro, is always quoted in relation to that of another cur
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