Forex Trading 101: From Basics to Practical Insights

Let us start with an honest admission. The term “Foreign Exchange Trading,” or “Forex Trading” for short, can be intimidating when first hearing it. It conjures up images of lots of people sitting at their trading desks and staring at four or five computer screens. They are constantly on the phone and making lots of deals. The screens show many prices of the various foreign currencies at the main global financial centres, and large amounts of money are in play around the clock. As the prices of various currencies fluctuate, traders make and lose fortunes each day.