FOREX Market - In plain language

Forex - the market for exchanging currencies of one country to another

Let's analyze the main points in the Forex market on the example of the EURGBP currency pair



Currency rates are proportions of currency units of different countries in relation to each other




The aims which are pursued by every participant of the market. There are no buyers and sellers in the market



Forex Quotation.
Currencies are always quoted in pairs, because in every currency transaction you simultaneously buy one currency and sell another.




There are several types of analysis in forex and not only that, but basically in trading, but the most important ones are fundamental and technical analysis.



What a professional trader should have in stock: