New to FOREX trading? No biggie, getting started in FX trading is not so hard and you can always test your skills first in a demo account before you go ‘live’ with real money. Or just open a live account with some free bonus money at
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So FOREX trading is all about buying and selling different currency pairs. Buying one currency and selling another at the same time make a FOREX deal.
Most used FOREX pairs are the following:
- EUR/USD (most used and worth watching in 2011)
- EUR/CHF
- EUR/GBP
- USD/CHF
- USD/JPY
- USD/CAD
- GBP/USD
- GBP/CHF
- CHF/JPY
So you have for e.g. a quote EUR/USD 1.2436/1.2438 (bid/ask). Bid is the price at which you sell the base currency and ask is the price where you buy the base currency. The difference between bid and ask price is known as spread. Different brokers have different spreads between currencies. Less spread is ofcourse better.
If you are new to Forex market so just make your base strong. Learning and practice on demo account i very crucial part of Forex base. Nice blog.
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