When To Buy or Sell A Forex Currency Pair | FX109

#freeforexcourse #forex #daytrading
Today's lesson is on how to make a decision on when to buy or sell a particular currency.
Subscribe, Like 👍, enjoy the video and let me know on the comment section if you have any questions 😊

GET A FUNDED PROP FIRM ACCOUNT NOW.
I Recommend This Prop Firm
🦁 Lionheart Funding Program LFP - Get $600K Max Allocation & Scale Up To $2.5 Million
👉 Get Account Here : https://lionheartfundingprogram.com/
🏆 Get My Complete Online Forex Trading Course Here: https://godloveuniversity.com/courses/

🤖 Get PATREX PRO Best Forex Robot Here: https://godloveuniversity.com/patrex-pro/

🏓 Join My Free Telegram Channel Now: https://t.me/ndemazeah
💰 Join My VIP Telegram Channel Now(3 To 7 Signals everyday): https://bit.ly/3tKdat5

RECOMMMENDED FOREX BROKERS
🏆 Looking for the Best Forex Broker?
I Use and Recommend These Brokers.
🧩 XM - #1 Best & Biggest Forex Broker In The World With Highest Volume.
👉 Sign up link: https://bit.ly/3tX28vY
🎖IC Markets - #2 ECN Forex Broker with Low Spreads
👉 Sign up here: https://bit.ly/2W38hd2

📧 Email For Business Enquiries: support@godlovegroupltd.com

❤️ Join My Free Discord Community Now!: https://discord.gg/YHfasZcmzc

📸 Follow My Instagram: https://bit.ly/3F8MzXq
----------------------------------------------------------------------------------
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.

How to buy and sell currency pairs  
Follow these steps to buy and sell currency pairs:

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. Many traders agree that the best time to buy and sell currency is generally when the market is most active – when liquidity and volatility are high.
NOT FINANCIAL ADVICE DISCLAIMER

The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

Видео When To Buy or Sell A Forex Currency Pair | FX109 канала Ndemazeah Godlove