One of the currencies is bought, and the other is sold at the same time.

[desire07727]

please explain the following: " One of the currencies is bought, and the other is sold at the same time. " this is what i found in the basics of forex trading. If I bought EUR/USD, which currency is bought of the pair and which of the currencies is sold at the same time. I am having a hard time understanding "One of the currencies is bought, and the other is sold at the same time." please help

 

[Pharaoh]

If you buy EURUSD, you are buying Euros with US dollars. If you sell EURUSD, you are buying US dollars with Euros.

I recommend that you spend some time going through Forex Military School and trading demo before letting any broker get near your money.

Forex Military School | Complete Forex Education by a Pro Banker - Forex Peace Army Forum