How Does Currency Trading Work?
Currency trading works by allowing investors bet on whether one country's currency will rise or fall in value against another country's currency. It is a high-risk and high-reward investment strategy that requires years of experience. Contact a licensed professional to discuss currency trading with tips from an insurance and financial adviser in this free video on currency trading.
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My name is Bill Rae. I'm with Alumni Financial Services. I've been in the business world for well over 20 years predominantly in finance. Today, we're going to talk about how currency trading works. Very interesting: What is currency trading? Currency trading, in its simplest explanation, is the investing or betting, if you will, that one country's currency will rise or fall against another's. For instance, the U.S. dollar. Our...is our dollar stronger than the European dollar, or is the European dollar stronger than the U.S. dollar? How it actually works is the same way, if you will, investing in the U.S. stock market. The exchange or brokerages need to have your money there as you bet or, if you will, invest. And if you bet right, you win. If you bet wrong, you lose. High risk, high reward. It is open or ongoing, if you will, 24 hours a day. For instance, in the United States, we operate from nine to three. It follows the time zones, if you will. So currency exchange really is a 24-hour-a-day business. I've often heard that currency exchange is kind of like ski-jumping on steroids. You never know when it's going to end, but it sure is going to be exciting. As all things financial, there are licensed professionals who can help you understand and guide you. My recommendation is visit those brokerages, use their online courses or demos, as they call them -- kind of like a monopoly game where you get to play with phony money 'til you really get a feel for it. Understand the fundamentals, and do understand with high rewards come high risk. My name is Bill Rae. I'm with Alumni Financial, and we're here to help you build wealth.