{"id":330,"date":"2020-06-04T10:07:07","date_gmt":"2020-06-04T10:07:07","guid":{"rendered":"https:\/\/forexrobotrading.com\/blog\/?p=330"},"modified":"2021-07-02T12:51:11","modified_gmt":"2021-07-02T12:51:11","slug":"how-does-forex-trading-work","status":"publish","type":"post","link":"https:\/\/forexrobo.trading\/blog\/education\/how-does-forex-trading-work\/","title":{"rendered":"How Does Forex Trading Work?"},"content":{"rendered":"\n<p>Forex trading is the simultaneous act of getting one currency while Selling another.<\/p>\n\n\n\n<p>The combination of these 2 currencies make up what&#8217;s known as a currecy pair. Currencies are always traded in pairs, as well as each currency in a set is stood for by a special three-letter code.<\/p>\n\n\n\n<p>The initial 2 letters in the code stand for the nation, and also the third letter determines the currency, such as the code JPY = Japanese Yen.<\/p>\n\n\n\n<p>Foreign exchange prices are called prices, as well as they reveal the value of one money in terms of the various other.<\/p>\n\n\n\n<p>As an example, a price or rate in euro-dollar could be priced quote as:<\/p>\n\n\n\n<ul><li>EUR\/USD = 1.1190<\/li><\/ul>\n\n\n\n<p> The currency to the left of the slash is the<strong>&nbsp;base currency<\/strong>&nbsp;(in this example, the euro), and the currency on the right-hand side is the&nbsp;<strong>quote currency<\/strong>&nbsp;(in this example, the US dollar). <\/p>\n\n\n\n<h3> When can currencies be traded?<\/h3>\n\n\n\n<p>The forex market is one-of-a-kind among the world&#8217;s economic markets because it&#8217;s open for trading 1 day a day, 5 days a week.<\/p>\n\n\n\n<p>The tables below checklist both the GMT and EST trading times for the FX markets. Trading sessions are according to GMT (Greenwich Mean Time):<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"836\" height=\"352\" src=\"https:\/\/forexrobotrading.com\/blog\/wp-content\/uploads\/2020\/06\/image.png\" alt=\"\" class=\"wp-image-331\" srcset=\"https:\/\/forexrobo.trading\/blog\/wp-content\/uploads\/2020\/06\/image.png 836w, https:\/\/forexrobo.trading\/blog\/wp-content\/uploads\/2020\/06\/image-300x126.png 300w, https:\/\/forexrobo.trading\/blog\/wp-content\/uploads\/2020\/06\/image-768x323.png 768w\" sizes=\"(max-width: 836px) 100vw, 836px\" \/><figcaption>Trading sessions according to GMT<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"834\" height=\"347\" src=\"https:\/\/forexrobotrading.com\/blog\/wp-content\/uploads\/2020\/06\/image-1.png\" alt=\"\" class=\"wp-image-332\" srcset=\"https:\/\/forexrobo.trading\/blog\/wp-content\/uploads\/2020\/06\/image-1.png 834w, https:\/\/forexrobo.trading\/blog\/wp-content\/uploads\/2020\/06\/image-1-300x125.png 300w, https:\/\/forexrobo.trading\/blog\/wp-content\/uploads\/2020\/06\/image-1-768x320.png 768w\" sizes=\"(max-width: 834px) 100vw, 834px\" \/><figcaption>Trading sessions according to EST<\/figcaption><\/figure>\n\n\n\n<p><br> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forex trading is the simultaneous act of getting one currency while Selling another. The combination of these 2 currencies make up what&#8217;s known as a currecy pair. Currencies are always traded in pairs, as well as each currency in a&hellip; <a href=\"https:\/\/forexrobo.trading\/blog\/education\/how-does-forex-trading-work\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[154,177,90,74,179,57,178],"_links":{"self":[{"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/posts\/330"}],"collection":[{"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/comments?post=330"}],"version-history":[{"count":2,"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/posts\/330\/revisions"}],"predecessor-version":[{"id":334,"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/posts\/330\/revisions\/334"}],"wp:attachment":[{"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/media?parent=330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/categories?post=330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexrobo.trading\/blog\/wp-json\/wp\/v2\/tags?post=330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}