Forex Trading Articles and Supplemental Info for Beginners

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Welcome to! Our site is online since December, 2005. We didn't know back then it would turn into a useful and interesting source of Forex trading articles and supplemental info for beginners and experienced traders. First it was just a compilation of articles on finance, namely forex market. Step by step we added new functions and instruments. So now you can keep track of the basic currency pairs' quotes in real time. One of the popular site parts is the broker section. Here one can leave comments about his working experience with one broker or another. It's convenient that you don't have to register to do it.

We would like to thank all of our visitors for appreciative letters and helpful suggestions on how to make the site better. Of course, there is some constructive criticism. It is very important to us and necessary for the site improvement.

Also you can find answers to your questions on forex market and forex trading on our Blog, FAQ's section.

Thanks a lot again to everybody, who stayed with us all these years. We will do our best to keep up to your expectations and make our site interesting not only for beginners on forex market, but for experienced traders, too.

Sincerely yours, team

Before we go into a discussion about the forex – or the foreign exchange market which is the largest and oldest of its kind in the world – let’s have a good look at what this market really is. For forex trade beginners this is essential, as are many other aspects of forex. This market is the primary one for world currencies and runs 24x7. It also has the most liquidity, which translates into “cash.” The forex is a sort of exchange for trade in most of the world’s currencies. A beginner may well ask: and what does this forex market accomplish? The answer is that it determines the values, in a relative way, of the various world currencies. This in turn helps trade as well as investment globally to determine conversion of various currencies.

In a classic case, a party may buy one currency by paying a quantity of another. Today’s forex market came into being in the 1970s – 30 years after government strictures on forex transactions. Post World War II, it was the Bretton Woods agreement of money management that established the guidelines for financial and commercial relations among chief industrial countries after the war ended. Post WW II, countries slowly adopted floating rates of exchange against the earlier fixed exchange rate.

Here are some of the unique characteristics of the forex market:

  • It has an immense trading volume that represents the world’s biggest asset class that leads to huge liquidity.
  • It encircles the entire globe; works around the clock except weekends; its profit margins are relatively low.
  • Forex trading is done in pairs of currencies. The currency that is listed first is called the base currency. The second is known as the counter quote or counter currency.
  • Base currency refers to the currency that an investor keeps in his account books.
  • Bid is a word that indicates a desire to purchase a commodity at the stipulated price. Offer is the opposite of bid.
  • Ask is also termed Offer. It means the trader is willing to dispose of a futures contract at a stipulated price.

It’s best that a newcomer to forex find a broker who deals in such transactions. He will assist you in your trading transactions and strategy. A large number of forex traders dream of finding the ideal broker to work. He/she will meet all their requirements.