What is Forex Trading? what are basic things one should know about?
What is Forex Trading? what are basic things one should know about? People in India, trade in stock market , commodity market, Gold market, Nifty etc. But now, people started their investment in currency market too. Just Like Stock market, the forex market is flexible and comes with high volatility. People who enters into the market with less information harm their wealth position. That is the reason we always advise one to learn first the basic things about market and then dive into this. What kind of knowledge one should get - like how market works, how currencies pairs executed, what are bid price, leverages, margins Etc. In total there are 128 currency pairs in which one can trade. In simple words, one can couple two currencies for forex trading. Base Currency and Quote Currency - Have you ever heard about the types of Currencies? There are two types of currencies one is base Currency and other is quote currency. Suppose you buy a Currency Pair like EUR/USD. Wh...