Hi guys,
I'm new to trading forex. I've traded stocks and futures but never forex. I have a question. Is forex trading basically the same thing as trading futures and stocks but your just buying another currency with the U.S. dollar?
For example let's say I think the euro will depreciate. Would I take the U.S dollar and purchase Euros or am I pairing two differenct currencies? If I'm pairing the currencies what if the U.S dollar drops and the Euro drops as well.
I'm a little confused about currencies.
I'm new to trading forex. I've traded stocks and futures but never forex. I have a question. Is forex trading basically the same thing as trading futures and stocks but your just buying another currency with the U.S. dollar?
For example let's say I think the euro will depreciate. Would I take the U.S dollar and purchase Euros or am I pairing two differenct currencies? If I'm pairing the currencies what if the U.S dollar drops and the Euro drops as well.
I'm a little confused about currencies.