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New Opportunities with Forex Trading
The simplest definition of currency trading is the practice of exchanging one country's currency for another country's currency. Basically, currency trading involves four main variables: currencies, exchange rate, time, and interest rate. The...

Open Source ERP for SMEs
ERP(Enterprise Resource Planning) software has traditionally been used by large corporates to integrate and automate diverse departments across the enterprise. For a long time, smaller companies purchased individual accounting and payroll...

Trading Currency Through Online Forex Brokers
Access to foreign exchange (forex), the most extensive market on the planet, is generally through an intermediary known as a forex broker. Similar to a stock broker, these agents can also provide advice on forex trading strategies. This advice to...

What's the Difference of Trading Mini Lots Vs. Full-sized Lots in Forex.
In Forex trading there is something called, a Mini Account, and it uses a different leverage calculation than a regular (100k) account. This is, instead of trading full-size currency lots (100,000 units), you'll trade in lots that are just 1/10...

Where to Get Forex Training
For those of you who are interested in forex trading, you may want to start off by getting some good forex training. Forex training is a necessity for anyone with this interest. This is because a lot of money is involved in forex trading. If...

 
The Seven Most Traded Currencies in FOREX.

Currencies are traded in dollar amounts called “lots”. One
lot is equal to $1,000, which controls $100,000 in currency.
This is what is known as the "margin". You can control $100,000
worth of currency for only 1,000 dollars. This is what is called “High Leverage”.

Currencies are always traded in pairs in the FOREX. The
pairs have a unique notation that expresses what currencies
are being traded. The symbol for a currency pair will always
be in the form ABC/DEF. ABC/DEF is not a real currency pair,
it is an example of a symbol for a currency pair. In this
example ABC is the symbol for one countries currency and DEF
is the symbol for another countries currency.

Here are some of the common symbols used in the Forex:

USD - The US Dollar
EUR - The currency of the European Union "EURO"
GBP - The British Pound
JPN - The Japanese Yen
CHF - The Swiss Franc
AUD - The Australian Dollar
CAD - The Canadian Dollar

There are symbols for other currencies as well, but these
are the most commonly traded ones.

A currency can never be traded by itself. So you can not
ever trade a EUR by itself. You always need to compare one
currency with another currency to make a trade possible.

Some of the common PAIRS are:

EUR/USD Euro / US Dollar
"Euro"

USD/JPY US Dollar / Japanese Yen
"Dollar Yen"

GBP/USD British Pound / US Dollar
"Cable"

USD/CAD US Dollar / Canadian Dollar
"Dollar Canada"

AUD/USD Australian Dollar/US Dollar
"Aussie Dollar"

USD/CHF US Dollar / Swiss Franc
"Swissy"

EUR/JPY Euro / Japanese Yen
"Euro Yen"

The listed currency pairs above look like a fraction. The
numerator (top of the fraction or "left" of the / however
you want to SEE it) is called the base currency. The
denominator (bottom of the fraction or "right" of the
/however you


want to SEE it) is called the counter currency.
When you place an order to buy the EUR/USD, for instance,
you are actually buying the EUR and selling the USD. If you
were to sell the pair, you would be selling the EUR and
buying the USD. So if you buy or sell a currency PAIR, you
are buying/selling the base currency. You are always doing
the opposite of what you did with to base currency with the
counter currency.

If this seems confusing then you're in luck. You can always
get by with just thinking of the entire pair as one item.
Then you are just buying or selling that one item. Thinking
like this will still enable you to place trades. You only
need to be aware of the base/counter concept for Fundamental
Analysis issues.

So why is it important to know about the base/counter
currency? The base/counter currency concept illustrates
what is actually taking place in a Forex transaction. Some
of you reading this, know that short-selling was restricted
in the stock market *(Short-selling is where you sell a
stock/currency/option/commodity first and then try to buy it
back at a lower price later). But in the FOREX you are
always buying one currency (base) and selling another
(counter). If you sell the pair you are simply flipping
which one you buy and which one you sell. The transaction is
essentially the same. This allows you to short-sell with no
restrictions.

You want to be able to short-sell with no restrictions so
you can make money when the market drops as well as when it
rises. The problem with traditional stock market trading is
that the market has to go up for you to make money. With
FOREX trading you can make money in all directions.

http://www.1-forex.com

About the Author

FOREX Trader and Freelance writer.

http://www.1-forex.com


 



 

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Content Menu
  • 5 reasons to trade forex instead of stocks

  • 6 ways to buy real estate without a deposit

  • advantages of trading forex over stocks and commodities

  • advice for international investors on how to safeguard their profits

  • all the truth around e currency

  • american blind pools

  • an explanation of forex trading

  • an informative forex broker review

  • an open invitation to frustrated forex traders that desire unlimited success in the market part 1

  • ask for more you may get it

  • assessing the opportunities presented by the new iraqi currency

  • avoiding forex related frauds and scams

  • avoiding forex related frauds scams

  • a beginners guide to forex

  • a comprehensive forex broker register

  • a guide to swiss banking part 1

  • a guide to swiss banking part 2

  • a informative forex broker review

  • a look at forex market makers

  • a look at online forex brokers

  • a new and better way for pensions

  • a new and better way with pensions

  • a review of automated forex brokers

  • a short introduction to forex

  • bankers banks the role of central banks in banking crises

  • beginning forex how are lots traded what the heck is a pip

  • benefits of forex trading

  • bollinger bands

  • business and the forex

  • buying your tax haven corporation

  • choosing a forex broker

  • choosing a forex strategy

  • choosing ecurrency exchange training courses what should you look for

  • choosing the right forex broker

  • comments on forex trading account sizes lots and margin calls

  • currency trading an introduction

  • currency trading finding your niche

  • currency trading for internet profits

  • currency trading getting wealthy from currency trading program

  • currency trading how big is this thing

  • currency trading is not the monopoly of the nerds and the geeks

  • currency trading the future of investment

  • currency trading tips for beginners

  • currency trading understanding the basics of currency trading

  • day trading forex market behaviour

  • discover an effective forex trading system

  • discover the biggest trading investing online mistake

  • dont be a victim of cybercrime

  • dxout e currency exchange program and free training

  • emotions a traders worst enemy get rid of fear and greed youll be glad you did

  • energy prices inflation and forex

  • example of a profitable transaction in forex

  • export to america

  • e currency exchange scam

  • e currency exchange trading

  • e currency if forest gump was here this is what he would be doing

  • e gold investing make money with currency trading

  • e gold investments investing smartly with e currency exchange

  • factors influencing a currency pair exchange rate

  • fear and the profitable forex trader

  • financial trading so many markets so little time

  • five reasons you have to start forex trading

  • forexinterbank forex trading course for day traders and small investors focusing on forex pivot point trading

  • forex 101

  • forex 101 make money with currency trading

  • forex and daytrading

  • forex and the anatomy of an elliot wave

  • forex basics make money with money part 1

  • forex benefits of trading the forex market

  • forex benefits over futures

  • forex brokers

  • forex brokers helping to maximize your success

  • forex broker commissions

  • forex broker involvement optional

  • forex capital markets and foreign exchange transactions

  • forex currency trading basics

  • forex day trading

  • forex expertadvisor mechanical trading systems what every trader should know

  • forex glossary

  • forex made easy for everyone

  • forex market offers opportunity and information

  • forex online trading an introduction

  • forex pivot points mapping your time frame

  • forex profits

  • forex scams how to spot them a mile away

  • forex signal services

  • forex trading

  • forex trading and the characteristics of bar and candlestick charts

  • forex trading best practices

  • forex trading can be like day trading

  • forex trading create fantastic wealth from forex trading

  • forex trading for the little guy

  • forex trading how to create fantastic wealth from forex trading

  • forex trading indicators and the ever changing market conditions

  • forex trading investment secret of the rich and powerful

  • forex trading margin usage and introduction to hedging

  • forex trading online 7 reasons why you should

  • forex trading online 7 reasons you should

  • forex trading opportunities for individuals

  • forex trading platform

  • forex trading risky business

  • forex trading strategies

  • forex trading the perfect forex trading system

  • forex trading tips

  • forex trading understanding commissions spreads and trading costs

  • forex training follow your gut or your broker

  • forex versus futures

  • forex versus stocks

  • forex what is it and how does it work

  • forex why psychiatrists make better traders than expert economists

  • generate traffic and make money

  • getting a forex trading education

  • gods diplomacy international trade and the macedonian economy

  • going global

  • gold heading to 1 000 an ounce 13 reasons why this can happen

  • gold miningstocks com reports industry expert forecasts for gold stock investment strategies

  • goodbye multi level marketing and hello e currency exhcange

  • go public young cfo go public

  • hawala or the bank that never was

  • hawala or the bank that never was part i

  • home based business opportunity secrets of success in home based business opportunity exposed

  • honest business opportunity or fraud

  • how bollinger bands can tell you what the forex market will do next

  • how can i make money currency trading

  • how does foreign exchange affect your business

  • how does forex compare to other investment markets

  • how does the exchange rate exactly works

  • how do other countries devalue their currencies

  • how is forex trading at home possible

  • how i quickly doubled my money

  • how many forex order types there are and how to use them in your favor

  • how to choose a forex broker

  • how to choose wisely a forex broker

  • how to make big profits with currency trading systems

  • how to profit from ben bernanke a volatile federal reserve

  • how to save money on your overseas property purchase

  • how to sell hobby items by mail

  • how to start trading the forex market

  • how to start trading the forex market part 2

  • how to start trading the forex market part 3

  • how to start trading the forex market part 4

  • how to start trading the forex market part 5

  • how to trade currency

  • if you start your own home business what sort of business would you choose

  • impress your date with forex trading lingo

  • income opportunities for adventurers

  • index

  • interested in forex trading

  • internet marketing vs forex currency trading

  • introduction to bollinger bands a great help in forex trading

  • introduction to forex

  • introduction to forex trading

  • introduction to fundamental analysis forex

  • investing how to profit using formulas

  • investing in forex or investing in stocks understand the benefits and risks of each market

  • investing vs trading who cares anyway

  • investments short term or long term

  • investment formulas what purpose do they serve

  • investors what separates the good traders from the bad traders

  • is forex trading better than stocks

  • is my money safe on the soundness of our banks

  • is our money safe part ii

  • is there any money left in currency trading

  • is this really a recovery

  • is trading e currency a legitimate business

  • learn by hands on forex trading demo accounts vs mini accounts

  • learn currency trade intro to the forex market

  • learn forex

  • learn forex trading a guide for beginners

  • managing bank liquidity in real time

  • managing the forex accounts for you

  • mazu e currency exchange

  • mazu e currency exchange home business

  • mazu e currency exchange program

  • mazu e currency program and sports arbitrage trading reviewed

  • mazu review

  • money laundering in a changed world

  • money laundering in a changed world part ii

  • money smart homeowners use this mortgage strategy every time

  • moving averages basics and how they help forex traders

  • my most recent experiences about e currency exchange trading

  • new business real life dollars buy in game currency

  • new forex trading system gives average traders the edge

  • new opportunities with forex trading

  • online forex

  • online forex trading

  • online shopping the joy of online shopping

  • on the soundness of our banks

  • open source erp for smes

  • option arbitrage in the forex market

  • pivot points in forex mapping your time frame

  • poor mans access to foreign currency trading

  • real life dollars buy virtual game money

  • return on investment guidelines

  • rotator

  • secrets to potentially making money in the forex markets

  • sending signals for trading in forex

  • short introduction to elliot waves as a resource in forex trading

  • should you use a private wealth management broker

  • some reasons why you should trade forex and two important forex concepts you must know

  • start making serious money in the forex market this year

  • staying out of trouble with ebays listing policies

  • stocks or foreign exchange which one

  • stock markets of the world

  • there are real live people behind currency trading

  • the 6 advantages forex trading has over other investments

  • the basics of forex

  • the benefits of trading the forex market

  • the best time to day trade the forex market

  • the china bubble

  • the day trade forex system how to choose an online forex brokerage firm

  • the duty of a forex market maker

  • the forex market explained

  • the forex trading system

  • the history of forex trading

  • the importance of developing your own forex trading system

  • the key to protecting your money

  • the meaning of forex price charts and how to use them

  • the miracle of forex

  • the money jar trap

  • the new world currency

  • the opportunity in exporting

  • the seven most traded currencies in forex

  • the top four forex brokers

  • the uses in forex trading of moving averages and macd

  • three important forex concepts for new traders

  • three reasons to start derivatives trading

  • three reasons why forex trading is great

  • top 10 scams

  • to be or not to be a psychological currency trader

  • trading analysis the big mac

  • trading currency through online forex brokers

  • trading forex to advance your financial position

  • trading profitably on the foreign exchange market

  • trends and profitable trading in the forex markets

  • trying forex trading with the best strategy and approach

  • two great advantages of forex trading

  • two great forex indicators bollinger bands and fibonacci retracements

  • two reasons why many people participate in forex trading

  • welcome to the world of forex trading

  • whats fibonacci forex trading

  • whats the 382 fibonacci ratio in forex trading

  • whats the difference of trading mini lots vs full sized lots in forex

  • whats the fuzz about e currency trading

  • what is a forex broker

  • what is a forex market maker

  • what is forex

  • what is forex trading

  • what is rollover interest in the forex market

  • when is the best time to take your company public

  • wheres the money

  • where to get forex training

  • why demo fx account performance is often better than real account performance

  • why is it more profitable for an indian to take up work at home business

  • will a falling dollar derail your plans for retirement

  • word of mouth marketing examples part three

  • work from home with e currency

  • yes you can start trading forex for free

  • your guide to learning a forex trading system

  • your guide to successful forex trading

  • your mother could make money in forex trading