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WHAT IS FOREX TRADING AND IS IT RIGHT FOR ME?
Everyone is familiar with investing in stocks, gold, or real estate. But forex trading has always been shrouded in mystery.
Forex trading refers to the foreign exchange markets where investors and traders worldwide buy and sell one currency for another.
Forex Trading Terminology
Traders frequently trade currencies by selling one currency and buying another. Forex trading always involves the exchange of currencies in pairs.
The Forex Quote determines the price at which you do the buying and selling.
You might have noticed the forex quote has four places to the right of the decimal. The smallest price change that a given exchange rate can make is the pip.
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