When To Buy or Sell A Forex Currency Pair | FX109

Описание: Today's lesson is on how to make a decision on when to buy or sell a particular currency.

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⚠️ NOT FINANCIAL ADVICE DISCLAIMER:
This video is for educational purposes only. Please do your own research before making any decisions with your money. I will not be held liable for any losses or gains you may experience. I am not your financial or investment advisor. This is completely educational content and should be taken as such - the views expressed in the content are opinions. Nothing on this channel should be taken as a recommendation to buy a particular crypto asset. The information shared on this channel is not indicative of future results. Analyses are not absolute and are prone to change in accordance with present and future market events. Please do all of your own research before you buy any stock or financial product

What is buying and selling in forex?
Buying and selling in forex is speculating on the upward and downward price movements of a currency pair, with the hopes of making a profit. All forex trading involves buying one currency and selling another, which is why it is quoted in pairs. You would buy the pair if you expected the base currency to strengthen against the quote currency, and you would sell if you expected it to do the opposite.

The price of a forex pair is how much one unit of the base currency is worth in the quote currency. For example, if the price of GBP/USD is 1.32000, it means that £1 costs $1.32.

Can I sell forex without buying?
Yes, you can sell forex without buying – this is known as short-selling, or going short. Short-selling a currency means that you believe that its price will fall, so you ‘sell’. The more the price falls, the more profit you will make.

For example, assume GBP/USD is trading at 1.3200, with a buy price of 1.3201 and a sell price of 1.3199. You think that the currency price will fall, so you short-sell the pair at 1.3199. If USD strengthens against GBP – meaning fewer US dollars are needed to buy a single pound – of the price of GBP/USD will fall, and you’ll make a profit.

Decide how you’d like to trade forex: there are two main ways to get involved: spot forex or trading forex via a broker
Learn how the forex market works: forex is bought and sold via a network of banks. This is called an over-the-counter (OTC) market

We’re one of the few UK providers to offer weekend trading on certain forex pairs. These include Weekend GBP/USD, Weekend EUR/USD and Weekend JPY/USD – meaning you don’t need to wait for the weekday markets to open to trade.

When to buy and sell forex
Knowing when to buy and sell forex depends on many factors, such as market opening times and your FX trading strategy. The best time to buy and sell currency is generally when the market is most active – when liquidity and volatility are high.