Tag: Trading Basics

Tag: Trading Basics

Short Position in Forex Trading

What is a Short Position in Forex Trading?

Did you know that the forex market trades virtually 24/5, allowing traders to act anytime? Taking a short position in forex trading is a fascinating strategy. It means you sell a currency you don’t own, aiming for its value to drop. When its price falls, you buy it back cheaper, making a profit. This method […]

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Quote Currency in Forex Trading

What is the Quote Currency in Forex Trading?

Trillions of dollars are traded daily in the foreign exchange market, making it highly liquid. In 2023, currency pairs like EUR/USD, USD/JPY, and GBP/USD were the main focus. But what really pushes these trades? Understanding the role of the quote currency is key. The quote currency, also known as the counter currency, comes second in […]

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