What is Forex?
Not only is the forex market the largest in terms of the money involved, with over $4 trillion traded every day, but it is also the largest in terms of participants. The pace of life in the currency market can be a shock for new traders. You can encounter large swings and if unprepared you could lose your shirt. Being a trader is somewhat like being a professional poker player. You make calculated bets based on trends and the information available to you but you also need that X-factor, to know when to go big and when to go home.
Currencies come in pairs, that investors buy and sell at the same time. A currency pair consists of a "base currency" and a "quote currency" and a pair tells you how much of the quote currency is needed to buy one unit of the base currency.
The Euro/US dollar pair and the US dollar/Yen are two of the more popular pairs out there, as well as pairs involving the British pound, Swiss franc, or Australian and Canadian dollars.
The forex world is made up of volatility, and unexpected changes in the market can give a new trader difficulty.
Learn more about Forex with Wall Street Survivor's Investing In Different Markets course: http://courses.wallstreetsurvivor.com/is/15-investing-in-different-markets/
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Having a good handle on financial fundamentals is key to anyone interested in trading in the market. We applaud your straightforward technique of presenting what might have been a complicated subject in a way everyone can understand. Nice job!
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