Passive income

In forex trading, currencies are always traded in pairs, such as EUR/USD or GBP/JPY. Each currency pair represents the exchange rate between two currencies. Traders can buy or sell indices cfd https://www.fxpro.com/trading/indices in specific denominations known as lots, with standard, mini, and micro lots being the most common. Additionally, leverage allows traders to control larger positions with a smaller amount of capital, amplifying both profits and losses.