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Forex Trade Results March 22, 2022

Forex-Smart-Trade-Best-Online-Forex-Currency-Trading-Course-Today’s-Trade-Results
Forex Trade Results March 21, 2022
March 21, 2022
Forex-Smart-Trade-Best-Online-Forex-Currency-Trading-Course-Today’s-Trade-Results
Forex Trade Results March 23, 2022
March 23, 2022

Forex Trade Results March 22, 2022

Forex-Smart-Trade-Best-Online-Forex-Currency-Trading-Course-Today’s-Trade-Results

Going Long & Short in Forex

Forex trading is a way of investing which involves trading one currency for another.

The main aim of forex trading is to successfully predict if the value of one currency will increase or decrease compared to the other.

So, a trader might buy a currency today, thinking its value will go up tomorrow, and plan to sell it for a profit then. This is known as going long.

Or, they may decide to sell a currency if they think its value will go down and buy it back later when it’s cheaper. This is known as going short.

The value of any currency changes frequently and can be affected by many factors including:

  • Interest rates
  • Inflation
  • Supply and demand
  • Political events
  • Natural disasters

In forex trading, each currency has its own code to help you identify it more easily.

For example, the code for pound sterling is ‘GBP’ and the code for US dollar is ‘USD’.

Currency code examples

GBD British pound (sterling)
EUR Euro
USD U.S. dollar
JPY Japanese yen
CHF Swiss Franc
AUD Australian dollar
CAD Canadian dollar
NZD New Zealand dollar

Going Long & Short in Forex

Forex-Smart-Trade-Best-Online-Forex-Currency-Trading-Course-Today’s-Trade-Results

Learn How To Successfully Trade Forex

If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade.   With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful.  Check out the Forex Smart Trade webinar.  It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are.  Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.

Verify Forex Smart Trade LLC