What is a Forex Trader | What is a Currency Trader | Forex Traders

Опубликовано: 01 Ноябрь 2024
на канале: How To Assistant

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What is a Forex Trader | What is a Currency Trader | Forex Traders

In this video, we’re going to tell you what is a Forex Trader.

A forex trader, buys and sells currencies on a foreign exchange market.

Forex trader also known as a currency trader, will hold a position in a currency pair. This is the term used to describe a trade in progress and one that will have a profit or a loss, as the open position indicates the trader has some market exposure.

A long position means a trader has bought a currency expecting its value to rise. Once the trader sells that currency back to the market, ideally for a higher price than he paid for it, their long position is said to be closed, and the trade is complete.

A short position refers to a trader who sells a currency expecting its value to fall and plans to buy it back at a lower price. A short position is closed, once the trader buys back the asset, ideally for less than he sold it for.

So this is all about what is a Forex Trader.

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