Simply put, foreign exchange or forex market is the money. You can buy and sell currencies. Other terms are used with little Forex, FX Spot, Spot, or FX. This is a huge financial industry that deals in world currencies, about 2 trillion U.S. dollars in transactions per day. If you compare this volume to the amount of transactions in the New York Stock Exchange, an estimated 25 billion U.S. dollars of shares traded per day, you can start to get a clearer picture of the enormity of the forex trading business.
If you areyou are considering getting into the stock market ,one of your best options would be to sign up for a crash course . It will not teach you everything you need to know about Forex trading, but will definitely give you a heads up on the basics of currency trading. Some of the topics that you should learn the terminology, methods of analysis, trading systems and platforms, and learn Forex trading strategies.
In the analysis of world currencies, you should be able to understand the basic underlying reasons for changes in exchange rates, and analyze technical data or the factors that make currencies move to make way; trends, including reasons why the sudden drop in the currency, and how to deal with the analysis of data after you have established trends
.in forex trading, your only product is the world's currencies, you will deal with them in pairs. For example, buying U.S. dollars and are trading with EUR (USD / EUR) or Japanese yen in relation to the British pound (JPY / EUR ).