General What is Forex? come here to know?

[mosakr38]

Explanation of Forex Basics
Knowing the vocabulary used by investors and Forex brokers will not make you a successful trader, but it is necessary to know this in order to become a trader in the beginning.

Here are some of the most important forex basics:

Currency pairs
Spreads and pips
Margin
Leverage
Contract size / lot
Trading platforms
Contracts for difference
Swap
Any investor who wants to start trading in the forex market needs to understand how this market works, and he needs to know the basic terms used in this particular market. Starting with a demo trading account is a good way to learn and understand what Forex is.

Forex Explained - What are Forex Price Quotes?
To understand what Forex is it is essential to understand how currency pairs work before going any further. For example, let's take the EUR / USD pair. The euro is called the base currency (or transactional currency), and the US dollar is the counter currency. It gives us a balance of power between the base currency and the counter currency of the exchange rate.