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What Is Forex And How Does It Work?

January 24, 2024 by Ahmed Ali

What Is Forex And How Does It Work? Forex trading is the process of speculating on currency prices to potentially make a profit. Currencies are traded in pairs, so by exchanging one currency for another, a trader is speculating on whether one currency will rise or fall in value against the other. How do forex

How Is A Rate Hike Affect A Forex Trader?

January 24, 2024 by Ahmed Ali

How Is A Rate Hike Affect A Forex Trader? If there is a rate hike, the currency will appreciate, which means that traders will buy. If there is a cut, traders will probably sell and buy currencies with higher interest rates. How does interest rate affect foreign trade? Higher interest rates offer lenders in an