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TRADING IN CURRENCY PAIRS

Today many people prefer to trade currency pairs as CFDs. Contracts for Difference imply the opening of transactions in one direction or another, without buying currency. When you trade CFD currency, you always sell one currency and buy another. Therefore, currencies are traded one against the other in pairs.

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ABOUT CURRENCY PAIRS

There are many currencies in the world, and their price usually reflects the situation in the economy of the country they belong to. Currency traders generally use economic reports and financial news to gather information about the specific currency they wish to trade to predict future price movements.