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Module 1 – Lesson 6 – Negative Zero-Sum Game
Figure 1: Compared to the stock market, one can see from this illustration that Forex is in fact at best a zero-
sum game as any gains made by one trader are equal to the losses of other traders. As currencies are traded
in pairs, if one trader buys one lot in the EUR/USD and another trader sells one lot of the pairing any gains by
one trader will be equal to the losses of the other trader. Thus, Spot Forex can accurately be described as a
zero-sum game.
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