0
Having a Forex position means having a long/short position on one of the pairs.
For example: having a position of 10,000 EUR/USD means that you bought 10,000 EUR using USD. If the price of the EUR/UDS will rise you'll be able to sell your position in profit.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
In forex how do you make money in a downtrend?
Before currency drop, you place a "SHORT" position. After the currency drop, you will make profit.
What is the managed forex?
"The Managed Forex has to do with trading.
Where can one check the Forex markets?
One can check the Forex markets on the Forex official website. The website Forex Markets is also a good way to check on all the latest news and charts regarding Forex.
What is the rank of India in foreign exchange forex reserve?
India holds ninth position in terms of foreign-exchange reserves as of may 2012.
What is a forex cover?
I'm not familiar with the term "forex cover" in the context of foreign exchange trading. If you can provide more information or context about what you mean by "forex cover," I'll do my best to assist you with a more relevant answer.
How does the forex works?
You can go with Forex Brokers like Integerfx.
When was Forex Bank created?
Forex Bank was created in 1927.
What is the population of Forex Bank?
Forex Bank's population is 700.
When was Forex-Metal created?
Forex-Metal was created in 2007.
Why is forex useful?
Forex is the only way to get more money.
Where is there a list of Forex brokers?
EarnForex is a website that has a list of different Forex Brokers. Forex Trading Charts is another place to look and see a listing of different Forex brokers available.
Where can one find and read forex broker reviews?
There are many places where one can find and read forex broker reviews. One can find and read forex broker reviews at popular on the web sources such as Daily Forex and Go Forex.
