Foreign exchange (forex) trading involves the simultaneous buying of one currency and selling of another.
It is hence carried out in currency pairs. For example, you may want to buy Japanese yen while selling the United States dollar.
Please subscribe or log in to continue reading the full article. Learn more about ST PREMIUM.
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs.