Introduction to Currency Trading (Forex)
NEW TO FOREX TRADING
Are you new to forex trading? If so, forex trading may seem "foreign" to you now, but it doesn't have to. Use the information in these pages to help you learn more about the forex markets and how you can trade more confidently in them.
What Is Forex?
Currency trading, often called Forex (foreign exchange) is the buying and selling of currencies. Forex transactions always include two currencies—one currency is purchased while the other is sold. For example, in a forex transaction euros (EUR) may be purchased while US dollars (USD) are sold; or Great British pounds (GBP) may be purchased while Japanese yen (JPY) are sold. The two currencies involved in a transaction are considered a currency pair (e.g., EUR/USD or GBP/JPY) and each currency pair has an exchange rate.
The goal of currency trading is similar to the goal of stock trading where you attempt to "buy low and sell high." Currency exchange rates fluctuate up and down throughout the day, providing forex traders with the ability to potentially profit from these movements.
The basic concept of currency trading is similar to those used in equities, bonds, futures, and options markets—the distinction being the product that is traded. In fact, most new forex traders will probably find the transition to forex to be simple and straight forward. The technical indicators and strategies used in other markets can be used in the forex market as well.
Why Trade Forex?
Flexibility: Place trades 24 hours a day (Sunday, 5:15 p.m. ET — Friday, 4:55 p.m. ET).
Opportunity: Easily trade when markets are trending up or trending down.
Simplicity: Use technical analysis (indicators on charts) methods from other markets like equities.
Strength: Access the most liquid market in the world ($4 Trillion average daily volume).
Why Trade With FXCM?
Receive:
Education: Get free one-on-one instruction from FXCM's professional course instructors.
Award-Winning Platform: Use FXCM's award-winning trading platform and charting package for free.
Research: Get free daily news articles and market analysis from DailyFX.
Trading Signals: Use free buy and sell signals that show you where to open and close trades.
Low Cost: Zero Commission charges. You just pay the spread plus FXCM's markup.
CONTINUE LEARNING
Next Section: Basic Forex Concepts
Additional Resources
Forex Information
New To Forex
New to Forex Trading Guide
Forex Video Library
Forex Education
Forex Trading Course
Forex Market vs. Stock Market
Forex Markets
Currency Pairs / Spreads
Margin / Leverage
Rollover Credits / Debits
Call the Trading Desk
Investments Myths
FXCM Platforms & Accounts
Trading Station
Get a Free Forex Trading Demo
Open a Live Forex Trading Account
Download Platform
Watch Platform Tour
Trading Station User Guide
Meatrader
Metatrader 4
Deposit Funds
New Clients
Existing Clients
Trading Resources
Trading Tools
Forex Charts
Forex Trading Signals
Forex Rates Widget
Currency Trading News
Forex Forums
Forex Digital Expo
DailyFX Currency Converter
Automated Trading / API
Request an API
Learn To Program a Strategy
Forex Programming Wiki
Company Profile
Company info & Policies
Contact Us
FXCM Awards
FXCM Careers
Code of Conduct
Site Map
Follow us on:
Platform Status
Client Update Center
NEW TO FOREX TRADING
Are you new to forex trading? If so, forex trading may seem "foreign" to you now, but it doesn't have to. Use the information in these pages to help you learn more about the forex markets and how you can trade more confidently in them.
What Is Forex?
Currency trading, often called Forex (foreign exchange) is the buying and selling of currencies. Forex transactions always include two currencies—one currency is purchased while the other is sold. For example, in a forex transaction euros (EUR) may be purchased while US dollars (USD) are sold; or Great British pounds (GBP) may be purchased while Japanese yen (JPY) are sold. The two currencies involved in a transaction are considered a currency pair (e.g., EUR/USD or GBP/JPY) and each currency pair has an exchange rate.
The goal of currency trading is similar to the goal of stock trading where you attempt to "buy low and sell high." Currency exchange rates fluctuate up and down throughout the day, providing forex traders with the ability to potentially profit from these movements.
The basic concept of currency trading is similar to those used in equities, bonds, futures, and options markets—the distinction being the product that is traded. In fact, most new forex traders will probably find the transition to forex to be simple and straight forward. The technical indicators and strategies used in other markets can be used in the forex market as well.
Why Trade Forex?
Flexibility: Place trades 24 hours a day (Sunday, 5:15 p.m. ET — Friday, 4:55 p.m. ET).
Opportunity: Easily trade when markets are trending up or trending down.
Simplicity: Use technical analysis (indicators on charts) methods from other markets like equities.
Strength: Access the most liquid market in the world ($4 Trillion average daily volume).
Why Trade With FXCM?
Receive:
Education: Get free one-on-one instruction from FXCM's professional course instructors.
Award-Winning Platform: Use FXCM's award-winning trading platform and charting package for free.
Research: Get free daily news articles and market analysis from DailyFX.
Trading Signals: Use free buy and sell signals that show you where to open and close trades.
Low Cost: Zero Commission charges. You just pay the spread plus FXCM's markup.
CONTINUE LEARNING
Next Section: Basic Forex Concepts
Additional Resources
Forex Information
New To Forex
New to Forex Trading Guide
Forex Video Library
Forex Education
Forex Trading Course
Forex Market vs. Stock Market
Forex Markets
Currency Pairs / Spreads
Margin / Leverage
Rollover Credits / Debits
Call the Trading Desk
Investments Myths
FXCM Platforms & Accounts
Trading Station
Get a Free Forex Trading Demo
Open a Live Forex Trading Account
Download Platform
Watch Platform Tour
Trading Station User Guide
Meatrader
Metatrader 4
Deposit Funds
New Clients
Existing Clients
Trading Resources
Trading Tools
Forex Charts
Forex Trading Signals
Forex Rates Widget
Currency Trading News
Forex Forums
Forex Digital Expo
DailyFX Currency Converter
Automated Trading / API
Request an API
Learn To Program a Strategy
Forex Programming Wiki
Company Profile
Company info & Policies
Contact Us
FXCM Awards
FXCM Careers
Code of Conduct
Site Map
Follow us on:
Platform Status
Client Update Center
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