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Arthur

Forex Trading

By Arthur, in Beginners Forum

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Arthur    10

Arthur
Posted

Hi all :):):)

For some days I am deeply involved in reading different articles in the forum. And have obtained lot of knowledge however there a long way to go through.

I am planning to start trading with Forex. However I came to know that forex trading is the most risky investment in many of the articles. Is this true? What are the additional steps that we must assure before marching on to forex ? What is currency pair? As its always said that there is currency pair in Forex ? What significance does it have?

Regards

:haha::haha:

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Mysticforex    13

Mysticforex
Posted

What is a currency pair?

It is two currencies that are traded against each other. The most common pairs are known as the Majors. they are, British Pound (GBP), Euro (EUR), Japanese Yen (JPY), Swiss Franc (CHF), and US Dollar (USD), the currencies in which most of the world's foreign transactions are denominated and against which the value of a local currency is measured.

 

Then there are what is known as "The Crosses", an example of which would be EUR/TRY

Euro vs Turkish Lira.

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