How To Trade Forex
Updated 4 /1/ 2011
How an Forex Trade Works
In the FX market you can buy or sell one currency for another. When you buy a currency, you are said to be "long" in that currency and when you sell a currency, you are said to be "short" in that currency.
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Quoting Currency Pairs with Forex
The first listed currency is known as the base currency, while the second is called the counter or quote currency.
Buying / Selling Forex
First, the Forex traders should determine whether they want to buy or sell.
Margin / Leverage
Forex accounts are margined: a trader can hold a market position much larger than the value of the trader's account value.
Forex Rollover
In the spot forex market, trades must be settled in two business days. If a trader sells 100,000 Euros on Tuesday, the trader must deliver 100,000 Euros on Thursday, unless the position is rolled over.
Getting Started with Forex
With no commitment or cost, you can open a Virtual Trading Account. he virtual account (or Demo Account) this gives you the ability to learn about the forex markets and test your trading skills without any risk.
