The concept of "currency pair" is the basis of the Forex trading system. You can't trade a currency by itself - you have to trade in pairs.
For example, the "pair", USD/JPY is the US dollar and Japanese yen. Pairs are always shown in this form. The one on the left - the US dollar in this example - is the base currency and the one on the right - the yen in this example - is the counter currency.
If you place an order to buy the pair USD/JPY, you are buying the US dollar and selling the yen. If you place a trade to sell the pair, you are selling the dollar and buying the yen. In other words, buying/selling a PAIR means buying/selling the base currency. Whatever you do to the base currency, you do the opposite to the counter currency.
If you want to make money with Forex trading, you have to understand not only the relationship between the two currencies in a currency pair, but also the volatility in their respective prices.
The 5EMAS trading system takes you step by step through a trade so you understand both this relationship, AND the volatility. In fact it's probably better than any other system at putting the beginner in a position to make an informed decision after just a short time working through the system. That has been my experience anyway.
Find out yourself what the 5EMAS Forex system can do for YOU. There's no bad time to trade Forex because you can make money WHATEVER the market does. So the longer you wait, the more money you're missing out on.
And find out more about Forex at http://www.bizwrite.co.uk/Forex/forexindex.html
1 comment:
ForexTrendy is a revolutionary application capable of recognizing the most profitable continuation chart patterns. It scans through all the forex pairs, on all time frames and analyzes every possible breakout.
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