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How do Foreign Exchange traders make money?

April 26, 2017foreign exchange money traders

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How do Foreign Exchange traders make money?

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Foreign Exchange, or forex, traders make money in one of two ways: either by trading a pair of currencies such as the US Dollar against the Euro (USD/EUR) or by trading fluctuations in the spot prices of a single currency. Pairs trading is what most traders, especially new traders, engage in as it is more accessible and easier to understand than spot trading.