Tag: New to Forex

difficult markets

How to Trade the Forex Market

The basic idea about how to trade the Forex market, as well as other markets, is try to buy cheap and sell high and vice versa.

It is not as easy as it sounds though, we first need to analyze the long term charts and determine which pairs are likely to go up, down, trade in a range, or will trade in an erratic range. We then look for a low risk trade opportunity in the short term charts.

For instance, let’s take a look at the next chart:

New to Forex

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Forex Market

What is the Forex Market

The Foreign Exchange Market is also referred as Forex market, FX market or Currency Market. Forex Markets trade the actual exchange rate between two currencies (i.e. the most traded currency pair is the EUR/USD, this is the value of 1 Euro in US Dollars).

The Forex Market is the biggest and most liquid financial market in the world, with more than 3 trillion dollars of turnover on a daily basis.

beginners, New to Forex

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