The word “Forex” is an abbreviation for the words “Foreign Exchange” and it’s the relative value of one currency versus another currency. The foreign Exchange market is the biggest market in the world with daily turnover (buying and selling) of up to 5 trillion dollars!A lot of different …
Free Online Beginners Forex Course
Understanding & Trading the Forex Market
Currencies Traded as Pairs When you buy or sell a currency through a broker or dealer you are trading in pairs. Whilst this may sound like confusing to some, it is very simple once explained. “Pairs” are made up of two currencies. For example; you have the EURUSD which is the EURO and US Dollar. …
Forex Leverage, Margin, Lots & Pips
When trading Forex, traders have the use of leverage. Leverage can be a really dangerous tool for traders if they don’t understand it and don’t use correct position sizing. For the trader who is well educated leverage can provide a very powerful tool to build profits.Leverage works by letting …
