How to buy USD and sell EUR in FOREX, while the account is in USD?!!? - forex buy sell
If U.S. dollar against the euro, then decide to buy, sell to the euro - USD ...
How is it possible that your account is in U.S. dollars?
How you can use USD or USD sales in euros, then buy everything you, is in U.S. dollars?
Please clarify for me, because I can not give prior FOREX understand correctly ... Thanks
Forex Buy Sell How To Buy USD And Sell EUR In FOREX, While The Account Is In USD?!!?
2 comments:
You do not have $ 100, 000 or 64,900.
It's magic happens in the computers of your broker.
Imagine if in this way. You buy or sell anything. If the donor. The broker sold EUR64, 900 will receive from his bank account in euros and $ 100 000 dollars that are in your account and do not represent in your account. He made a name for themselves, so they are responsible for the profit and loss and gain. The money in your account is fixed and is not harmful to the dealer that the losses can be covered. Let's say for the dealer to defuse the situation. Was sold as a USD100, 000, has been maintained and EUR65, 670 This is cut is more than EUR770, if your gain. Well, the only time your account USD, which is no difference. The dealer turns 500 and EUR770 benefit credits in your account dollars. If the price in the opposite direction, would be a loss of EUR770 and the Bank had the same conversion and load your account with a loss of 500 U.S. dollars.
OrYou can forget everything and think it is a bet that the EUR / USD is under way and leave the details for the retailer.
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