How Do You Get Started In The Forex Market?
Forex is one of the largest trading markets in the world. If a nation has a currency, it can be traded in the forex market. However, the bulk of forex trading is done on the following currency pairs: EUR/USD (Europe Euro-U.S. Dollar), USD/JPY (U.S. Dollar/Japanese Yen), GBP/USD (Great British Pound/U.S. Dollar), USD/AUD (U.S. Dollar/Australian Dollar), USD/CHF (U.S. Dollar/Swiss Francs) and USD/CAD (U.S. Dollar/Canadian Dollars). These pairs are referred to as the “majors”. The convention in forex is to quote currencies in pairs with the top currency being the transaction currency and bottom currency being the payment currency. Review the pricing for forex. If the GBP is quoted against the US dollar for GBP/USD 1.90 and the quote moves to 1.9010, it means the pound is getting stronger and the dollar weaker. However, if the price moves to 1.8990 it means the pound is weaker and the dollar is stronger. Open at least three demo accounts. One of the most important aspects of trading in for
