Forex Trading – Beginner’s Guide

Forex trading is the act of buying, selling, and trading currencies. For example, if you have 100 USD and you are in London, you would want to have British pounds (GBP) in your wallet to be able to buy services or products in the city. To get those necessary GBP, you need to exchange your USD through a money exchanger.

With the current USD/GBP exchange rate, your 100 USD will let you have 72.53 GBP. That is a basic example of a forex trade. In the trading with currencies industry, you will have access to more currencies that you can buy, sell, or trade.