Forex Trading Strategies- Free & Easy!

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The forex market consists of a range of forex pairs. Each pair represents the exchange of one named currency into another named currency. For example, the pair GBP/USD represents an exchange of sterling into US dollars. Currency values are always relative, as the price of one currency can only be determined in another currency. If you’re new to forex trading, the forex pairs you’ll probably pay most attention to are EUR/USD, GBP/USD, USD/JPY, EUR/GBP and other so-called ‘major’ pairs. These are typically the most heavily traded pairs, although there are also a large variety of ‘minor’ or ‘exotic’ pairs allowing you to speculate on the strength of currencies such as the South African rand or the Hungarian forint.

 

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