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What is online forex trading

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Hi Timothy,

I read your question and will like to explain to you that Forex trading is basically buying and selling of currencies on designated platforms on the internet with a view to making profit.

The forex market is very volatile and if care is not taken, you may lose all your investment in a moment. But it is also lucrative, provided you follow the rules.

Please do a thorough research before investing in forex trading.

Good luck!

Kayode

July 9, 2020, 12:03 p.m.

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Forex is buying or selling of one currency in exchange for another. Forex is quoted in pairs, so for example USD/JPY. If you would to buy ("go long"), you would be purchasing US Dollar and selling Japanese Yen. Conversely, if you sell to get into a position ("go short"), you're buying Japanese Yen and selling US Dollars.

March 10, 2022, 3:42 p.m.

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