It goes without saying that Forex or we can say currency market is highly volatile in nature and the movement is also slow as compared to stock market. It is unregulated market and in Forex you can trade on currency pairs like USDJPY, USDGBP, GBPJPY, etc.
Basically there are two types of pairs:
1. Major - Here the pairing of currency is done with USD (base)
2. Minor - The pairing done without USD
Important forex tips for beginners:
1. Do your homework before choosing your broker
2. Find out the basics
3. You can join a basic learning program
4. Start with low investment
5. Know your entry and exit frame
6. Stop loss
7. Follow risk management strategies
Basically there are two types of pairs:
1. Major - Here the pairing of currency is done with USD (base)
2. Minor - The pairing done without USD
Important forex tips for beginners:
1. Do your homework before choosing your broker
2. Find out the basics
3. You can join a basic learning program
4. Start with low investment
5. Know your entry and exit frame
6. Stop loss7. Follow risk management strategies
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