You can buy or sell FX forwards
Buying a forex forward
If you want to buy forex forwards, you would be betting that the base currency will rise against the quote over a certain period of time. Let’s say EUR/USD is trading at 1.1900, with a buy price of 1.1910 and a sell price of 1.1890. You believe EUR will rise against USD over the next six months, so you agree to buy EUR/USD at a price of 1.1910 at a specified date in the future.
After the six months have passed, EUR/USD is trading at 1.2210, with a buy price of 1.2220 and a sell price of 1.2200. You execute your contract at the agreed buy price of 1.1910, which is 0.0310 less than the current buy price.
