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how forex trading works

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How To Trade Forex Forex trading is the act of simultaneously buying one currency and selling another. The exchange rate between the two currencies determines how much of the second currency you will receive in exchange for the first. For example, if you were to buy Euros using US dollars at an exchange rate of 1.18, you would receive 1.18 Euros for every US dollar you spent. When you trade forex, you are essentially betting…