3-3:CHIFLEY: Forex is easy for everyone..docx
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1、CHIFLEY: Forex is easy for everyone.Forex trading is as simple as you can imagine. The foreign exchange market is a global market. According to some estimates, it is 30 times the volume of the US stock market. This is just some figures. Forex is a term commonly used in foreign exchange. Investors in
2、 the foreign exchange market should understand the basics of how the money market works. Forex can be very easy to understand for beginners. How is this approach?Foreign exchange is to buy and sell currency in a currency pair. For example, if you buy dollars and sell pounds or you sell the German ma
3、rk and buy the yen. Why is the currency bought or sold? The answer is very simple; the government And the company needs to redeem the currency they buy and pay for different goods and services. This transaction accounts for 5% of all currency transactions, while the other 95% currency transactions a
4、re done by speculation and trading. In fact, many companies are in currency exchange rates. Buying foreign currencies at a low price to protect their financial investments. Another thing about the foreign exchange market is that the exchange rate is constantly changing. Therefore, the investor finan
5、cial manager tracks the exchange rate and the foreign exchange market on a daily basis.Traders involved in forex trading know that 85% of trades are only for the US dollar, Japanese yen, Euro, British pound, Swiss franc, Canadian dollar and Australian dollar. This is because they are the most liquid
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