| 1 |  | What is Forex
The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. It is by far the largest market in the world. And you can trade forex directly from your computer. | | | | | 2 | | Currencies are traded in Pairs
In Forex market, currencies are always traded in pairs. The first currency in the pair is called base currency and the second one is called quote or counter currency. Learn more about currency pairs | | | | | 3 | | Meaning and value of a PIP
Meaning and value of a Price interest point - PIP. It is the lowest denominator in currency trading - usually for standard accounts - ONE pip=$10 - for mini accounts - ONE pip=$1 for EACH LOT. | | | | | 4 | | Forex Leverage and Spreads
Forex Leverage | | | | | 5 | | Choosing a Forex Broker and a Charting package
Choosing a Forex Broker and a Charting package, the importance of looking at them as two different issues. | | | |
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| | 1 | | History of Forex
Beginners guide to forex trading. This isthe first chapter in BASIC. Topics include history of money, about forex, analysis, currency pairs & trading lots. | | | | | 2 | | Introduction to Forex
Learn the terms and their meanings that will be used in forex trading on a day-to-day basis. You can revisit this chapter whenever you are in doubt | | | | | 3 | | Opening a demo trading account
Good traders always test their strategies on a demo account before using them on their live account - its just common sense. | | | | | 4 | | Entries and Exits
If finding a good place to enter the market is a huge task in itself - exit (closing the trade) is equally and sometimes more important. Traders often find themselves giving away the money they made due to improper exits. | | | | | 5 | | Market players
Two main parties rule any market - The Bulls and the Bears. When they are in tug of war or regathering their troops - the market goes sideways. | | |
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