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Basic Concepts Forex Trading on The Forex Market
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Category : Business » Forex Trading
. as will be explained below, with Forex trading in general, and iForex in . Forex is an over-the-counter . Trading on the Forex Market: Basic Concepts .
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Content Summary :
Trading on the Forex Market: Basic Concepts Forex is the buying of one currency and the selling of another concurrently. Typically, the major currencies—the British Pound (GSP), the Euro (EUR), the Japanese Yen (JPY), and the Swiss Franc (CHF)—are traded against the US Dollar (USD). Trade pairs in which the USD is not included are called cross pairs, and occur much less frequently. The currency pairs are expressed with a base currency as the first part of the pair, followed by the quote currency. (For example, USD/JPY would be the US dollar as the base against the Japanese Yen as the quote.)
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