When Forex trading you have the ability to make a profit when price both rises and falls. Not only can you make profit by buying and going long, but you can also make money from going short and selling. This is just one of the reasons that the Forex markets are so attractive to traders who want to trade from their homes. Forex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another. 2 How to Become a Forex Trader & Build an FX Mindset Learn how to become a AN INTRODUCTION TO FOREIGN EXCHANGE SPOT TRANSACTIONS INTRODUCTION Money has been around in one form or another since the days of the Pharaoh, replacing former systems of bartering. But, as history progressed and scores of countries generated their own individual monies, Middle Eastern money changers found a market exchanging In the process, as we were learning, we distilled and collected all the valuable pieces of information and the best forex trading strategies that actually worked. First, it was a simple word document for internal use only. Later we put it all together in a beautiful and practical pdf that is suited for dummies and beyond. Free PDF Guide: Get Your Forex Terminology & Definitions PDF 1. Pip 2. Spread 3. Bid and Ask price 4. Volume 5. Lot size 6. Slippage 7. Going long/short 8. Bullish and Bearish 9. Support and Resistance 10. Currency 'Pair' 1. Pip Pip stands for "Percentage in Point". A pip in the Forex market is a common measurement for how far the price has moved. Summary. Forex is the largest market in the world. Forex traders exchange $4 trillion each day. This chapter describes the characteristics of a forex trade and core fundamentals of forex trading; it details numerous reasons for why a trader must become a forex trader; and also explores into why forex is the best market for you? The author 2.17 Forex bureaus established at commercial banks are allowed to engage in the buying and selling of major convertible currencies, operate in spot transactions with immediate delivery of currencies bought or sold, sell and/or buy cash notes and travellers cheques at displayed exchange rates before any subsequent change. The word FOREX is derived from the term Foreign Exchange and is the largest financial market in the world. Unlike many other markets the FX market is open 24 hours a day and has an estimated $1.2 Trillion in turnover every day. This tremendous turnover is more than the combined turnover of the main worlds' stock markets on any given day. Forex Trading - Introduction. Forex Market is an exciting place. The one good thing about entering into the forex market is that you can trade anytime as per your convenience. The global Foreign exchange market ('FX', 'Forex' or 'FOREX') is the largest market in the world as measured by the daily turnover with more than US$5 I. Introduction to the Foreign Exchange Market 1.A An Exchange Rate is Just a Price The foreign exchange (FX or FOREX) market is the market where exchange rates are determined. Exchange rates are the mechanisms by which world currencies are tied together in the global marketplace, providing the price of one currency in terms of another. If you have found your way here, chances are you are looking for a Forex Trading Course, then we have a simple Forex Trading Course PDF version. And that's what we have prepared for you. In the world of information overload today, we no longer face the challenge of lack of relevant information. To