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How to trade Forex?

Forex trading is the buying and selling of currency pairs

When you start trading Forex you must first understand that you are buying and selling a currency at the same time. To access these currency pairs you have to sign up to a broker or a dealer.

Example of a currency pair is EUR/USD which means the euro against the U.S. dollar. When you trade this currency pair and want to buy USD you must first sell your EUR and vice versa.

REMEMBER! When trading in Forex you buy or sell currencies in pairs.

Major currency pairs

  1. EUR/USD (Eurozone / United States )

  2. USD/JPY (United States / Japan)

  3. GBP/USD (United Kingdom / United States)

  4. USD/CHF (United States/ Switzerland)

  5. USD/CAD (United States / Canada)

  6. AUD/USD (Australia / United States)

  7. NZD/USD (New Zealand / United States)

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