Know When to Buy or Sell a Currency Pair - Deepstash

Know When to Buy or Sell a Currency Pair

Forex trading involves trying to predict which currency will rise or fall versus another currency.

The supply and demand for a currency changes due to various economic factors, which drive currency exchange rates up and down.

Example: EUR/USD

If you believe that the US economy will continue to weaken, which is bad for the USD, you would execute a BUY EUR/USD order with the expectation that it will rise versus the USD.

If you believe that the US economy is strong & the euro will weaken against the USD, you would execute a SELL EUR/USD order with the expectation that it will fall versus the USD.

29

109 reads

CURATED FROM

IDEAS CURATED BY

I want to make summary of what I have learned about Forex so that I can refresh it again.

Similar ideas to Know When to Buy or Sell a Currency Pair

WHEN TO REALLY SELL

If the market can’t tell you when to sell, then what can? No single formula could possibly apply. “Sell before the interest rates go up” or “sell before the next recession” would be advice worth following, if only we knew when these things would happen, but of course we don’t, and so these mottos...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates