Learn Forex Basic Concepts
First question question I usually being asked when I say to people that “I trade Forex” is : WHAT IS FOREX?
Forex is short for foreign exchange market, which involves buying or selling currency pairs. There are actually three ways that institutions and individuals can trade Forex: the spot market, the forwards market and the futures market. Usually people referring to Forex they mean spot market – which is the ‘physical’ market where currencies are bought or sold at current market price and are settled in cash on the spot. Forex is similar with stock market – investors or speculators can buy a currency if they expect its price to rise in the future or they can sell a currency if they expect that its price to fall.
Now that you’ve got an idea what Forex is all about, you may ask where and how to start Forex trading? We want to make your start easy and to show you the best ways to learn Forex so you can become a successful Forex trader.
First Steps for a Beginner