Welcome to the world of Forex

Each day, more and more traders find the ever expanding Forex market; making the shift from other asset classes for a variety of reasons.

Around-the-clock trading availability, wide geographical dispersion, and pure unbridled opportunity have contributed to the growth in this market, as average daily volume in the FX Market nears $4 trillion dollars ($3.98 Trillion per the Bank of International Settlements).

That’s nearly $4 Trillion, in one day.

The goal of this article is to explain the nuances of the Forex market, highlighting key similarities and differences from other popular trading vehicles.

The FX Quote

The first thing that most new traders will notice is the FX quote. When trading stocks or futures, quotes can generally be read easily, as they are one-sided; meaning when you read a quote on Google, you are looking at the price at which traders can buy or sell Google. However when you want to trade a currency, such as the Euro, you have quite a few options. If you want to trade the Euro, you can pick a variety of different ways of doing so.

You can choose to pair the Euro with the US Dollar. This would be the EUR/USD currency pair, which is the most common, liquid currency pair in the world.

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