When you trade FX, you wager on the rate of exchange between two currencies. For example, if you bet on EUR/USD going up (buy), you’re betting on the euro’’s value versus the US dollar increasing. As a result, if the EUR/USD rate rises, you will profit; if it falls, you will lose. When you short sell EUR/USD, you’re wagering that the Euro will lose value against the US dollar. Read More
You can find more information on how FX trading works here
Example of FX trade:
Check EURUSD and USDPY FX trade examples here
The most popular trading platform is Metatrader 4. Metatrader 5 is also among trader favorites. You can check the difference between the two here
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