How To Selling For Forex

Posted by admin on April 9, 2010 under How To Forex | 4 Comments to Read

Selling for forex

Selling the currency pair implies selling (shorting) the first (base) currency and buying (longing) an equivalent amount of the second (quote) currency to buy the base currency. For example, selling GBP/JPY means that you are buying Japanese Yen (JPY) using Great Britain Pound (GBP).
A speculator sells a currency pair if she believes the base currency will go down relative to the quote currency, or equivalently, that the quote currency will go up relative to the base currency.