Currency Acronyms
Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. All the world's combined stock markets don't even come close to this.
All forex trades involve two currencies because you're betting on the value of a currency against another. When you see a price quoted on your platform, that price is how much one euro is worth in US dollars. You always see two prices because one is the buy price and one is the sell.
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The difference between the two is the spread. When you click buy or sell, you are buying or selling the first currency in the pair. If prices are quoted to the hundredths of cents, how can you see any significant return on your investment when you trade forex? The answer is leverage.
Majors and Currency Pairs Revisited
When you trade forex, you're effectively borrowing the first currency in the pair to buy or sell the second currency. To trade with leverage, you simply set aside the required margin for your trade size. This gives you much more exposure, while keeping your capital investment down.
But leverage doesn't just increase your profit potential. It can also increase your losses, which can exceed deposited funds. ET India Inc. ET Markets Conclave — Cryptocurrency. The Economic Times Startup Awards Reshape Tomorrow Tomorrow is different.
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