Types of currency pairs
FX pairs are categorized into three types: majors, minors, and exotics.
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How forex trading works
Before we dig into the details, let’s take a look at a simplified forex trade as an example.
What is FOREX?
<p>Forex (also known as FX) is simply shorthand for “foreign exchange”, which is the trading of one currency for another. A forex trader speculates on the price movements of one currency against another with the aim of making a profit.</p>