![]() ![]() While it’s a zero-sum game, it’s equally important to remember that the majority of people who participate in the forex market are not looking to make a profit from the exchange.īusinesses and people have to use the forex market all the time. What this means is that if a trader makes a profitable trade, there is someone else on the opposite side of the trade in the forex market who makes the corresponding loss. ![]() Unlike investing in stocks, bonds or properties, forex trading is a zero-sum game. However, before you dip your toes into forex trading, it’s important to understand the basics of how it works, and why it’s quite different to long-term investing. Forex trading is done in pairs such as the EUR/USD, AUD/USD and USD/JPY, which involves the exchange of one currency for the other, with the aim to make profits through a change in the exchange rates. One of the most popular instruments is foreign exchange trading, better known as forex trading or FX trading. When it comes to trading, there are many asset classes that traders can use. With heightened volatility in the financial markets seen in recent months, it’s easy to understand why both new and experienced traders are hoping to profit from more trading opportunities in the market. You can refer to our Editorial Policy here. This article was written in partnership with IG, the world’s No.1 CFD provider (by revenue excluding FX, published half yearly financial statements, June 2019). All views expressed in the article are the independent opinion of Dollars and Sense and do not in any way reflect the views, opinions, or endorsements of IG Asia Pte Ltd (Co.
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