The first thing to know is that the EUR is the base currency while the second currency is the quote currency. When you’re trading the EUR/USD, you’re comparing the value of one EURO to its value in terms of US Dollars. Standing for Price Interest Point , a pip is the smallest whole increment used in forex trading.
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There are over 150 currency pairs that can be traded but the most liquid with the highest turn-over are the «majors». The banks make money like any wholesaler in any other industry – they buy at one rate and sell it on at another and the difference in between is known as a ‘spread’. Whichever you choose, you’ll be able to carry out your trades on our easy to use trading platforms for mobile, iPad and web.
Instead of physically exchanging the currencies, however, inve […]

The more it imports the greater the supply of pounds onto the foreign exchange market. A large proportion of short-term trade in currencies is by dealers who work for financial institutions. The London foreign exchange market is the World’s single largest international exchange market. The ultimate goal of any form of trading is to buy low and sell high, turning a profit on your initial investment.

In general, Forex Trading is very cheap compared to other financial products.
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