Forex trading terms and opportunities
Business in the lines of trading is not meant for weak hearts as it involves high amount of risk. These risk factors must be analysed and managed properly to reduce the effect. Of all the available trading assets, forex is considered to be most volatile one that is preferred by most of the new traders. A beginner may come across various doubts as to which platform to choose, which asset to go for etc., but above all what matters in the trading business is use of appropriate strategies at the right time. Forex trading terminologies Some of the basic terms most often used in forex trading are as follows: Currency pairs – Currency is specific to a country and when traded in forex two currencies from different countries are traded against each other Major pairs – The pair which includes UD dollar as one of the currencies is known as major pair Cross pairs have currencies other than US dollar and in comparison, to major pairs they have high transactional cost, low liquidity and
