We will demonstrate how and when to buy and sell forex using the EUR/USD currency pair. Assume you want to buy the EUR/USD. If the EUR rises in value relative to the USD after the trade is closed, you could have profited (depending on commission and other fees). In this example, a trader would buy the EUR while simultaneously selling the USD. For example, if the EUR/USD pair was purchased at 11300 and moved up to 11504 at the time the trade was closed/exited, the profit would have been 204 pips.
Similarly, a fundamental trader could profit from the USD/JPY currency pair by staying up to date on political and economic news. For example, if a fundamental trader expected the Fed to raise interest rates, this would likely attract more foreign investment into the US, resulting in increased demand for the home currency (USD). The trader could then look to enter a long (buy) position in anticipation of the USD's value increasing. Of course, this is not guaranteed because economic principles and theory do not always translate to real-world conditions. Taking short positions on forex pairs is slightly more difficult than buying.

Buying and selling the EUR/USD currency pair involves navigating the foreign exchange (forex) market, a global decentralized marketplace where currencies are traded. Here's a concise guide on how to engage in EUR/USD transactions:

To buy EUR/USD:
1. Educate Yourself: Understand the forex market, including factors influencing currency movements.
2. Select a Broker: Choose a reputable forex broker offering access to the EUR/USD pair.
3. Analyze the Market: Use technical and fundamental analysis to assess market trends and potential entry points.
4. Place a Buy Order: Through the broker's platform, set parameters for your trade, including the amount and desired entry price.

To sell EUR/USD:
1. Understand Market Conditions: Analyze factors affecting the EUR/USD pair, such as economic indicators and geopolitical events.
2. Select a Sell Order: Decide on a suitable sell order based on your analysis and risk tolerance.
3. Place the Sell Order: Utilize the broker's platform to enter the trade, specifying the amount and desired selling price.
4. Manage Risks: Implement risk management strategies, including stop-loss orders, to limit potential losses.

Continuous monitoring of the market, staying informed about economic developments, and employing risk management techniques are crucial for successful EUR/USD trading. Additionally, it's advisable to start with a demo account to practice and refine your strategy before engaging in live trading.