{"id":319785,"date":"2020-09-04T02:13:37","date_gmt":"2020-09-04T02:13:37","guid":{"rendered":"https:\/\/www.zfx.com\/?faq=why-trade-forex-2"},"modified":"2020-09-04T02:13:37","modified_gmt":"2020-09-04T02:13:37","slug":"why-trade-forex-2","status":"publish","type":"faq","link":"https:\/\/www.zfx.com\/en-mena\/?faq=why-trade-forex-2","title":{"rendered":"How does Forex trading work?"},"content":{"rendered":"<div class=\"ewa-rteLine\">\n<p>The Forex market is all about converting one currency into another with the aim of making a profit. It&#8217;s an excellent market to start your trading journey as you can trade on margin, meaning your initial investment is low.<\/p>\n<p>To successfully trade Forex, you need to speculate on whether the price of your chosen currency will rise or fall. And, since Forex trading always involves selling one currency in order to buy another, it&#8217;s quoted in pairs.<\/p>\n<p>The price of a currency pair is calculated as the cost of one unit of the base currency in the quote currency. There are seven currency pairs that make up 80% of global Forex trading, including EUR\/USD, USD\/JPY, GBP\/USD, and USD\/CHF.<\/p>\n<p>The most popular vehicle used to trading FX is CFD &#8211; Contract for Difference. It enables you to speculate on the currency markets without making a physical trade.<\/p>\n<p>A CFD is an agreement to exchange the difference in the price of a currency pair from when you open your position to when you close it. If the market price moves in your chosen direction, you would profit \u2013 but if it moves against you, you\u2019ll end up making a loss.<\/p>\n<\/div>\n","protected":false},"template":"","faq_categories":[],"faq_tags":[11089],"class_list":["post-319785","faq","type-faq","status-publish","hentry","faq_tags-forex-en-mena"],"acf":[],"current_lang":"en-mena","_links":{"self":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/faq\/319785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/faq"}],"about":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/types\/faq"}],"version-history":[{"count":0,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/faq\/319785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/media?parent=319785"}],"wp:term":[{"taxonomy":"faq_categories","embeddable":true,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/faq_categories?post=319785"},{"taxonomy":"faq_tags","embeddable":true,"href":"https:\/\/www.zfx.com\/en-mena\/wp-json\/wp\/v2\/faq_tags?post=319785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}