What are currency pairs? In the foreign exchange market, currency is traded in pairs. Pairs have meaning in relation to each other so must always stay together. The two currencies in a pair are traded one against the other. The rate at which they are traded is called the exchange rate. The exchange rate is [...]

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What is Forex? Forex and ‘FX’ are shortened terms used for ‘foreign exchange’. Foreign exchange is the exchange of money from different countries. The value of one country’s currency is constantly changing against the value of another country’s currency. Forex traders make money through buying and selling currencies on the foreign exchange market. Technorati Tags: [...]

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