If the trade moves in your favor (or against you then, once you cover the spread, you could make a profit (or loss) on your trade. Learn more, trade forex along with the most popular shares, indices and commodity CFDs with. If you think a currency will increase in value, you can buy. Forex transaction: IT'S ALL IN THE exchange. If you think the euro will drop in value against the US dollar, you sell EUR/USD. Forex Trading, basics, alain Garca/EyeEm/Getty Images, foreign exchange trading was once something that people only did when they needed foreign currency to use when traveling in other countries. If you made a really bad trade, you could lose your entire account in three days, and of course, that is assuming that conditions are normal. If the EUR/USD buy price.70644 and the sell price.70640, then the spread.4 pips.
You have an opinion. Initial deposit 500, spread, fixed, 0 pip, order volume.01 - 500 lots, leverage. In fact, not only should you have a trading plan, but you should keep a forex trading journal as well to keep track of your progress. The difference between the two is the spread. Makinrade: HOW TO BUY AND sell currency. With a market this large, finding a buyer when you're selling and a seller when you're buying is much easier than in in other markets. A large international company may need to pay overseas employees.