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ForexTime AvaTrade Pepperstone BlackBull Markets IC Markets More Reviews Trade Safely Forex Live News EUR/USD EUR/JPY EUR/GBP GBP/USD GBP/JPY USD/CAD USD/JPY AUD/USD Crude OIL GOLD Contact Us What is Forex Trading? Forex is the World’s Most Actively Traded Market Every day, an estimated $5 trillion worth of currencies is traded. Forex is the world’s most actively traded market, dwarfing equities markets around the world by a long margin. Forex trading is dynamic and highly capitalized. Currency traders spec
Each currency pair contains a base currency and a counter currency. In the GBP/USD pair – The Cable – the GBP is the base currency and the USD is the counter currency. When you go long on The Cable, you are effectively buying the GBP and selling the USD. Traders who go short on the cable are selling the GBP and buying the USD. This currency pair is one of the most actively traded pairs in the world, alongside the EUR/GBP , USD/JPY , and the USD/CAD . Forex trading includes major pairs, minor pairs, and exot
All Forex trading activity is quoted in pairs. This means you are buying one currency, and selling another currency in the same pair. Currency traders make their money when there are changes in the currency exchange rates. If you believe the USD will strengthen, you would sell the cable (go short) by buying USD and selling GBP. Currency trading is all about speculation. You forecast your expectations of a currency pair and act on it by going long or going short. When a currency appreciates relative to anoth