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To make this simple, imagine you are getting ready for a trip to New York and you exchange 500 Euros into Dollars.
A week later, your trip is unfortunately cancelled and you decide to change your Dollars back into Euros.
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Surprisingly, you end up with 505 Euros: a profit of 5 Euros!
This is known as a profitable foreign exchange trade.
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It was actually the one that first came to mind for me.
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