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Forex DeMYSTiFieD: A Self-Teaching Guide by David Borman

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Chapter 1

Introduction to Forex

CHAPTER OBJECTIVES

In this chapter you will learn the following:

• What it means when people say they trade Forex

• The basics of Forex Leverage

• The basics of the Forex Pair

• The best times to trade Forex

• The history of Forex Trading

When people say they trade Forex, which means buying and selling money in the worldwide Foreign Exchange market, what they are saying is that they trade money. It is as simple as that: Forex traders buy and sell different types of money. After all of the strategizing, technical analytics, and fundamental analysis, the basic Forex trade is betting that one country’s currency will be worth more than another country’s currency at some point in the future. You as a Forex trader ...

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