What Is Forex Trading And Is It Right For Me?

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Forex trading refers to the foreign exchange markets where investors and traders worldwide buy and sell one currency for another.

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Currencies rise and fall against each other depending on various economic and geopolitical news. If you can buy low and sell high, you can make a profit in forex trading.

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The Major Currency Pairs are the four most heavily traded currency pairs in the forex market. Because of the massive liquidity, you can always trade them with the lowest spread.

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The first currency in the pair is the base currency, and the second currency is the quote currency.

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PIP 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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Forex Lot

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Leverage Forex traders often use leverage to juice up the returns. Since currencies trade in a small range, they want to amplify their gains.

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What Is Forex Trading And Is It Right For Me?

Forex trading refers to the foreign exchange markets where investors and traders worldwide buy and sell one currency for another.

Currencies rise and fall against each other depending on various economic and geopolitical news. If you can buy low and sell high, you can make a profit in forex trading.

The Major Currency Pairs are the four most heavily traded currency pairs in the forex market. Because of the massive liquidity, you can always trade them with the lowest spread.

The first currency in the pair is the base currency, and the second currency is the quote currency.

PIP 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.

Forex Lot

A larger lot size involves more risk due to the amount of money involved. If you are starting, always trade in micro lots.

Leverage Forex traders often use leverage to juice up the returns. Since currencies trade in a small range, they want to amplify their gains.

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