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EUR/USD is a typical example and it's probably the most traded currency pair.TheSmartInvestor wrote: Wed Aug 13, 2025 3:18 pm A forex trade example is when you purchase EUR/USD pair where you think the Euro is going to increase relative to the US Dollar. In case the price goes up, and you are able to sell it at a higher rate, you’ll make a profit. You can also go short as well, which would imply that you would sell and then buy back later with a lesser price.
GBP/JPY is another option that you may like to consider should you desire a greater volatility.Festus wrote: Tue Aug 19, 2025 12:57 pmEUR/USD is a typical example and it's probably the most traded currency pair.TheSmartInvestor wrote: Wed Aug 13, 2025 3:18 pm A forex trade example is when you purchase EUR/USD pair where you think the Euro is going to increase relative to the US Dollar. In case the price goes up, and you are able to sell it at a higher rate, you’ll make a profit. You can also go short as well, which would imply that you would sell and then buy back later with a lesser price.