You’re probably reading this because you’re thinking of venturing into forex currency trading. Bear in mind that it’s a long road before you can trade confidently and profitably on your own – but the first step is learning as much as you can can about forex markets, and how to take advantage of them. Here are some of the basics you need to know about.
In forex currency trading, you always trade currencies in pairs. That means you buy one and sell another. For example, if you lived in the United States and you bet that the dollar was going to lose value against the British Pound, you would buy the pair GBP:USD. Conversely you could say you sell the pair USD:GBP. The result is the same: you’ve sold some of your own currency and changed it into another. Read more