#forextrader #BTCPrediction #ETHCorporateReserves #WhiteHouseDigitalAssetReport #BNBATH
(1) Ability to go long or short
Although you can short other markets using derivatives like CFDs, shorting is an inherent part of forex trading. This is because you are always selling one currency (the quote currency) to buy another currency (the base currency). The price of a forex pair is equal to the value of one unit of the base currency in the quote currency.$BNB
For example, in the EUR/CHF forex pair, the euro is the base currency and the Swiss franc is the quote currency. If the trading price of EUR/CHF is 1.13715, then 1 euro is worth 1.13715 Swiss francs. If you believe that the euro will appreciate against the Swiss franc, you can buy that currency pair (go long). If you believe that the euro will depreciate against the Swiss franc, you can sell that currency pair (go short). Your profit or loss depends on the accuracy of your prediction, meaning you have the potential to profit regardless of market fluctuations.
