Understanding Forex Trading Basics. The foreign exchange market is a place where you can swap one currency for another during trading. Foreign exchange is the process of changing one currency into another for a variety of reasons.
The foreign exchange market is a place where you can swap one currency for another during trading. Learn the basics of forex trading positions, including how and when to go long or short on currency pairs. In this post, we will cover all of the basics of forex trading including introductory information such as what it is and why people trade forex.
One example of this would be that in Europe – the currency is called the Euro, and here in the U.
Readers are then introduced to the comparisons between forex and stocks, before we explore the importance of the news cycle as it relates to forex, and also look at some different trading strategies.
Everything will be about price action itself and the various ways to read it. Forex trading, then, is the act of buying and selling currencies on the foreign exchange market. Understanding Forex Trading Live Account & Demo Account.