How to Close a EUR/USD Forex Trade
EasyCashbackfx 2022-11-03 14:16:32
The currency pair EUR/USD is the most commonly traded currency pair on the Forex market. This pair has a price in US dollars equivalent to a euro, and the Forex trader buys that currency hoping that it will increase in value. The Forex trader closes the trade by selling the currency back in the Forex market for a higher price. The difference between the buy and sell prices is known as the spread. The higher the spread, the higher the profit for the Forex trader.
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