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Basics on forex trading


Forex stands for foreign exchange (foreign exchange) and is the largest financial market in the world that allows you to trade international currencies.
Generally, the exchange of one currency against another is a reflection of the conditions of 'economy of a country's economy compared to the other country.
Until the late Nineties, the Forex was only one thing for the rich because they were large capital required to enter this market, but now anyone can start trading (betrayal)because you can enter this market through the "mini- accounts "or no capital investment since they are the same broker to give you a bonus to start.
The brokers are the intermediaries in this market, they allow to operate in forex with only one connection to the interenet and offer services such as continuous updating of the values ​​of currencies, graphs to interpret market trends etc.. and in return they retain commissions on every trade (exchange) .
In forex trading you buy a currency (currency) and it automatically sells another as these are always considered in pairs, an example will clarify this better.
These are the major currencies that are exchanged:
  • USD United States Dollars
  • Europe Euro EUR
  • JPY Japanese Yen
  • GBP Great Britain Pound (Pound)
  • CHF Swiss Franc
  • CAD Canada Dollars
  • AUD Australia Dollars
  • New Zealand Dollar NZD
Let's say we want to buy the pair EUR / USD , the euro means that if we buy automatically sell the dollar because we believe that the market will go in that direction that is that the euro will strengthen his power against the dollar, if we believe that will be the U.S. dollars to increase its value, then sell and buy USD.
In the above example I have seen the EUR / USD but I consider any of the following pairs(cross) :
USD / JPYUSD / CHF
USD / CADEUR / USD
EUR / GBPEUR / JPY
EUR / CHFEUR / CAD
EUR / AUDGBP / USD
GBP / JPYGBP / CHF
CHF / JPYAUD / USD
AUD / CADAUD / JPY
AUD / NZDCAD / JPY
NZD / USDNZD / JPY

The first of the 2 currencies is called the base currency and the second shares currencyor counter currency. 
buy the base currency and then sell the second (odds) is called in technical terms go long, buy back shares and sell the base currency is said to go short. The difference between the bid and ask price is known as forex pips 

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