What is Forex?
The internet is awash with forex trading advice, currency trading strategies and financial gurus promising incredible returns if you simply follow their strategic trading plans.
From training videos on YouTube to financial investment blogs, The Wall Street Journal and TV infomercials – everyone is eager to impress the everyday trader.
Routine promises of big returns are readily bandied about, on the proviso that you jump right in and start trading forex right away.
However, to quote Shakespeare "They stumble that run fast" – one should never be too quick to start trading forex online without a thorough understanding of currency exchange terminology, jargon and market analysis-related realities.
The currency trading world is a hive of activity, and there is incredible earning potential out there. Before you immerse yourself in real money trading, we would like to introduce you to the most important concepts, such as lots, pips, spreads, margin, and leverage.
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