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Key Concepts in Currency Investing: Exchange Rates, Pips, and Spreads

admin1 year ago04 mins

Currency investing, also known as forex trading, involves the buying and selling of currencies in the foreign exchange market with the aim of making a profit. This article delves into the key concepts that every aspiring currency investor should understand: exchange rates, pips, and spreads. Understanding Exchange Rates Exchange rates are the foundation of currency…

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