Q: What does buy and sell mean in forex trading?
for example.. USD/CHF, what does buy chf mean?
does buy here means sell(wait for the base currency to drop in value)
If you actually want to take advantage of currency swings, you will buy and sell futures or options on futures. The currency moves themselves are too small to be worth trading on as the spread will eat your profit.
Currencies do not 'drop in value' by the way. They just move up or down against other currencies. Everything in the forex world is relative.
does buy here means sell(wait for the base currency to drop in value)
A: Best Answer: A forex trade is always both a buy and a sell. So, in your example you might sell USD to buy CHF. However, if you are based in the US, you can shorten this and just say that you are buying CHF. because the sale of USD is implied.
If you actually want to take advantage of currency swings, you will buy and sell futures or options on futures. The currency moves themselves are too small to be worth trading on as the spread will eat your profit.
Currencies do not 'drop in value' by the way. They just move up or down against other currencies. Everything in the forex world is relative.
0 nhận xét:
Đăng nhận xét