http://www.theforexrebellion.net/ Forex stands for Foreign Currency Exchange, where you exchange one currency with another.
When trading forex you are buying a specified amount of one currency, and selling in another currency, this is currency trading, hence Forex trading
Currency Values are constantly on the move, it is virtually impossible for a nations currency to be stagnant. the currency moves fluctuating constently depending on a number of variables. The variables effecting this fluctuation include both the local and global economies. Your goal as a forex trader is to predict the movement of a pair of currencies and profit from the trade.
The most common traded currencies in forex trading are the US Dollar, Euro, Swiss Frank, Japanese Yen, British Pound, Australian Dollar. There are alot more currency traderd, they are simply the most commonly traded currencies.
To successfully trade forex you must do the following. Find a broker, open your trading account with the broker, deposit money. Now you will be using the trading platform to buy and sell currencies.
now you must choose your par of currency to trade. The most common currency pairs to trade are as follows. GBP/USD, AUD/JPY, EUR/USD, USD/CHF
The first currency is know as the base currency, the second is know as the quote currency.
I hope this answer some questions you may have.
Your next step is to read up on some professional trading before jumping in the deep end.
I recommend you check out Forex Rebellion, they are a pretty thorougher training course.
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meonline85 10 months ago