12/24/2022
Are you thinking of diving into the Forex world? 🧐
Let's discuss how Forex Market works! 🔥
⚫ Forex means foreign exchange and refers to the process in which people exchange currencies for financial outcomes.
In other words, Forex consists of selling one currency to buy another - the pairs. For example, GBP / USD.
🟠 If the value of the pound increases relative to the dollar, the price of the pair will rise, since one pound will be worth more in dollars.
Hence, the traders may buy the pair if they believe that the base currency in a pair will strengthen over the quote currency.
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