@more1683
π Forex Education β Part 2
πΉ How Trading Works
π± Currency Pairs:
Currencies are traded in pairs like EUR/USD β the first is the base, the second is the quote.
π Buy (Long) / Sell (Short):
β’ Buy if you expect the base to rise.
β’ Sell if you expect it to fall.
π° Bid / Ask & Spread:
β’ Bid: Price to sell.
β’ Ask: Price to buy.
β’ Spread: The difference = brokerβs fee.
βοΈ Leverage:
Trade bigger with smaller capital (e.g., 1:100).
β οΈ Use it wisely β it increases both profit and risk.
π Summary:
Understand pairs β watch spread β manage leverage β trade smart.
0 reply
0 recast
3 reactions