How does FOREX trading work? trading vs exchanging
How does FOREX trading work? trading vs exchanging
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rainhamtown · External communityPost link
External question — Personal Finance Stack Exchange
Author: rainhamtown
Original post: https://money.stackexchange.com/questions/58761
License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
If I was to trade on the foreign exchange market as an individual investor and I bought 100 USD with my 70 GBP.
Have I essentially converted my currency similar to exchanging the currency in a bank ? Could I 'cash out' with dollars. Or is all this just speculation like a commodity futures contract?
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: rainhamtown Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/questions/58761 License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/ Adaptation: HTML converted to plain text; contact email addresses removed. If I was to trade on the foreign exchange market as an individual investor and I bought 100 USD with my 70 GBP. Have I essentially converted my currency similar to exchanging the currency in a bank ? Could I 'cash out' with dollars. Or is all this just speculation like a commodity futures contract?
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