For instance, an American investor who has previously purchased one hundred dollar’s worth of Japanese yen may feel that the yen is weakening compared to the dollar.

After you have chosen a currency pair, research that pair. You must avoid attempting to spread you learning experience across all the different pairings involved, but rather focus on understanding one specific pairing until it is mastered. Pick a currency pair you want to trade. When starting out in Forex you should try to keep things as simple as possible.

The speculation that drives prices up and down on the currency exchanges tends to grow out of breaking news media. You should establish alerts on your computer or phone to stay completely up-to-date on news first.… Read the rest