Traders can potentially profit from the Forex market by correctly predicting which direction a currency pair’s price will move and opening a trade which aligns with that prediction.
For example, if you believe the price of GBPUSD will increase, you might choose to open a long (buy) position in the currency pair.”","sourceIds":["source-e4cfbc7da224e927"]},{"id":"content-native-digital-agencies-7d6d19d34d39e697-a-04fcc40d8d43e032171a","label":"Where can I learn more about Forex trading?","value":"“
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For beginners, creating a demo account can be a sensible first step on your trading journey.”","sourceIds":["source-e4cfbc7da224e927"]},{"id":"content-native-digital-agencies-7d6d19d34d39e697-a-90e63bbca75aad2446f3","label":"4. What is “order volume” in a Forex trade?","value":"“The term “order volume\" refers to the number of standard lots you want to trade.”","sourceIds":["source-e4cfbc7da224e927"]},{"id":"source-description","label":"About","value":"Company based in Estonia.","sourceIds":["source-fb11124ebc8f70a3"]},{"id":"source-listed-website","label":"Website","value":"https://admiralmarkets.com/","sourceIds":["source-fb11124ebc8f70a3"]}],"knowledge":{"offerings":[],"answers":[{"id":"content-native-digital-agencies-7d6d19d34d39e697-a-7f82dc1b5a600a1f80b5","question":"How does Forex trading work?","answer":"“Forex is traded in currency pairs. Common currency pairs are the Euro/US Dollar, US Dollar/Japanese Yen, Great British Pound/US Dollar, and Canadian Dollar/US Dollar.”","sourceIds":["source-e4cfbc7da224e927"],"claimIds":["content-native-digital-agencies-7d6d19d34d39e697-a-7f82dc1b5a600a1f80b5"]},{"id":"content-native-digital-agencies-7d6d19d34d39e697-a-00bcc31b8e4b3e73e73a","question":"What tools do I need to trade Forex?","answer":"“You will need access to the internet as well as a demo trading account or a funded live account to start trading with Admirals. You should also be equipped with a proper Forex education and the tools and knowledge required to manage risks in the Forex market.”","sourceIds":["source-e4cfbc7da224e927"],"claimIds":["content-native-digital-agencies-7d6d19d34d39e697-a-00bcc31b8e4b3e73e73a"]},{"id":"content-native-digital-agencies-7d6d19d34d39e697-a-27c36eedee72e4539463","question":"How do I profit from trading Forex?","answer":"“
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