The foreign exchange market – also frequently called Forex – is an open market that trades between world currencies. For example, if a Forex trader thinks that the yen is getting weaker, then he can trade his stock in that currency for stock in a more promising currency, such as the U.S. dollar. If that investor makes the right trading decision, a profit can be made.
When learning about currency pairs, make sure you have a complete understanding of one concept before moving on to the next. When you try to understand every single pair, you will probably fail at learning enough about any of them. Choose one currency pair and find out as much as you can about that one. Know the pair’s volatility vs. its forecasting. Make sure that you understand their volatility, news and forecasting.
Forex trading is a science that depends more on your intelligence and …