Reading Forex Quotes

Before I deliberate on Forex Quotes, let me first update you on forex pairs and forex symbols. Let us not delve further into the history of how the currency pairs have evolved and standardized in the forex trading system. Forex Symbols: There are seven most active currencies on the forex trading markets, besides number of other currencies that are traded sporadically. US Dollar – USD European currency – EURO Japanese Yen – JPY British Sterling Pound – GBP Swiss Franc – CHF Australian Dollar – AUD Canadian Dollar – CAD Forex Pairs: The term Forex pair may sound intriguing to those of you who ...

Introduction to Forex Trading

Most of you must have often heard the term Forex or Fx. Forex is nothing but foreign exchange or international currency exchange. Simply speaking, if you are an American, then British Sterling Pound or European Euro or any other currency is a foreign exchange for you. Huge amounts of Forex change hands in the global trade and commerce. Besides the international business transactions, forex has also established a firm foothold in the investment portfolio of large number of people. You may wonder how you can invest in forex. Is it like investment in stocks and bonds? Is it suitable to a layman like me? Well, according to ...

Types of order in Forex Trading

In your forex trading education, after learning (1) Reading and understanding quotes (2) Pips and valuation of pips and (3) Calculation of profit and loss, next most important topic should be types of orders. Like stock trading and commodities trading, there are different types of orders in forex currency trading. Proper understanding of types of orders lays the foundation stone for achieving success in forex trading. If you start online forex trading without an insight into how, when and what types of orders should be placed with your forex trading broker or on the forex trading platform, your entire profit and loss ...