Forex is a market in which traders get to exchange one country’s currency for another. For example, an investor in the United States purchased Japanese yen, but now believes the yen is becoming weaker than the U.S. dollar. If he is correct he will make more profit by trading yen for dollars.

Pick one currency pair to start and learn all about it. Trying to learn everything at once will take you way too long, and you’ll never actually start trading. Instead, you should choose the pair you plan on using, and learn as much as you can about it. Look through a few different options and decide on a pairing with acceptable risk and attractive profits. Pour your focus into their inner workings and learn to benefit from their changes.

Don’t trade based on your emotions. Feelings may lead you to make trades that you later regret. It is