Forex Study

Forex trading or currency trading is always done in currency pairs, in short, the forex trading is the simultaneous buying of one currency and selling of another one. This trading is always done in pairs – Currency Pairs, they make up what is known as the “exchange rate”.(for example, the euro/US dollar, or the GB pound/Japanese yen.). The most commonly traded currencies are the so-called “majors” – EURUSD, USDJPY, USDCHF and GBPUSD. For example, you may buy Dollars with Euros, anticipating that the Dollar to increase in value relative to the Euro. If the Dollars rises relative to the Euro, you sell the position and can earn a profit.

The most important Forex market is the market that the opportunity to trade 24 hours a day from Sunday evening (20:00 GMT) to Friday evening (22:00 GMT). This gives you a unique opportunity to react instantly to breaking news that is affecting the markets.