Price Quote in Forex

Price Quote When a currency is quoted, it is done in relation to another currency, so that the value of one is reflected through the value of another. Therefore, if you are trying to determine the exchange rate between the (EUR)  and  the  U.S. dollar, the Price quote would look like this: EUR/USD= 1.4036. This is referred to as a currency pair. The currency to the left of the slash is the base currency, while the...

What is Forex

What is Forex Market? Before going to trade into Forex Market you must know what is forex or  basic  concept of  forex ?  It is basically describes the buying and selling of currency in foreign exchange market ,especially by traders and investors like you and  me. The familiar saying  “Buy low and Sell high” It is certainly applies to currency trading. In Forex Currency Market traders purchases currencies like...

How to understand currency pairs in forex

Currency Pairs Before going to trade in currencies you must understand currency pairs. they are most popular in forex trading. But sometimes it surprises me how traders want to trade forex while they still don’t  know about currency pairs why I surprised because I taught many advanced forex traders in my trading classes and  they  are previously  trading from many years. We wouldn’t have a Forex market if we weren’t...