Forex Training Blog

It is recommended for beginners to focus on one major currency pair and get to know it well. Each currency has its own trading personality, which must be learned. When you are doing well with it, then move on, and trade the other three major pairs, as you see fit. When you are in learning mode, you will have your hands full trying to figure out what to look for, and how to manage your trades enough so that you don’t want to be skipping back and forth between currencies.

Major currency pairs are EUR/USD, USD/JPY, GBP/USD, and USD/CHF.

Not at all. Successful traders come from many different professions. Our popular Complete Home Study Forex Pivot Course and Mentorship Program will introduce you to all the essential aspects of foreign exchange in an easy-to-understand manner. Anyone can learn it. Trading has its own learning pace and curve. All you need is average intelligence to learn the course content and self-discipline to follow rules.

A long position is one in which you buy a currency at one price, with the expectation of selling it later on at a higher price. Obviously, you anticipate that the market will rise.

A short position is one in which you sell a currency with the expectation of buying it back at a lower price. Here, you expect the market to fall.

Every FX position you take automatically entails going long in one currency, and short the other. If you buy one, by default you are shorting the other.