When it comes to forex trading, making money is the name of the game. And there is no shortage of so-called “gurus” and “experts” out there who are more than happy to sell you their signals. But the question is: are they really worth it? In this article, we’re going
Because forex trading requires leverage and traders use margin, there are additional risks to forex trading than other types of assets. Currency prices are constantly fluctuating, but at very small amounts, which means traders need to execute large trades (using leverage) to make money. This leverage is great if
Each currency pair represents the current exchange rate for the two currencies. Here’s how to interpret that information, using EUR/USD—or the euro-to-dollar exchange rate—as an example: The currency on the left (the euro) is the base currency. The currency on the right (the U.S. dollar) is the quote currency. The
The foreign exchange market (dubbed forex or FX) is the market for exchanging foreign currencies. Forex is the largest market in the world, and the trades that happen in it affect everything from the price of clothing imported from China to the amount you pay for a margarita while vacationing