Forex for beginners
FX trading means “exchanging” (buying or selling) one currency for another. For example, selling US Dollars to buy British Pounds or Euros, much like you would at a Bureau De Change. It always involves two currencies, known as a currency pair.
When trading forex you look to anticipate the movement of a currency – in either direction – since you can either “buy” a currency or “sell” it against the other quoted currency.