trading for beginners

The Basics of FOREX Trading

What exactly is FOREX trading? Put simply, FOREX trading is the buying and selling of international currencies. Traditionally, participation in the FOREX market was confined to major banking and trading institutions. But in recent years, technological developments have opened up this once exclusive arena to smaller companies and even individuals by allowing them to trade currencies online.



The world‘s currency rates are not fixed. They follow a floating exchange rate and are always traded in pairs— EuroDollar, Dollar/Yen, etc. Most international transactions are exchanges of the world‘s major currencies.



When it comes to Forex trading, there are a number of major currency pairs. : Euro v. US dollar, US dollar v. Japanese yen, British pound v. US dollar, and US dollar v. Swiss franc. These currency pairs are considered major in comparison to the other currency pairs because of their trading volume.

You will learn with Forex Trading For Newbies app:
The Basics of FOREX Trading
Reasons To Trade In The FOREX Market
Getting Started In The Exciting World Of Forex Trading
Overview of Basic FOREX Strategy
An Introduction To Forex Charts
Forex Charts, Technical Indicators, and Trading Systems
An Introduction To Trading Forex Without Indicators
Determining Your Strategy
Forex Spread Basics
Tips For Trading Forex Successfully
More Rules Of Thumb for Successful Forex Trading