LESSON 1: INTRODUCTION TO FOREX... It all begins here.
Objectives: If you take this lesson to the end, you will: Understand forex, forex market, and Forex Trading. Know what is traded in forex. Know why you should trade forex. Know who participates in the forex market. What Is Forex? Forex is the short term for "foreign exchange." Forex Market The forex market is a global marketplace where Banks, Institutions, and Individuals speculate on the exchange rate between currencies. The Currencies traded in Forex are divided into Major and Minor Currencies . The Major currencies are the frequently traded currencies. Which are: USD, EUR, JPY, GBP, CHF, CAD, NZD and AUD. These are the most liquid and sexy currencies. All other currencies are referred to as minor currencies. The forex market is the largest financial market in the world. However, there are other financial markets. For instance, the stock Market. Forex Trading Forex Trading is the simultaneous buying of one currency and the selling of another currency through a broker. These...