What are currency pairs or what are forex trading pairs? What is the best pair to trade? Which category is important in trading? Majors Miners or Exotics?
New forex trader who are starting out must learn this lesson or go through this playlist to know the basics of currency trading. Currency can be traded in pairs only because that is how you can make money or be profitable, one has to go up and the other has to go down or vice versa. There are three main categories of forex pairs on the broker's platforms majors, minors and exotics. You can trade any pairs in any category from any country with any pair as long as your broker makes it available. The broker will have other trading pairs too such as Bitcoin or cryptocurrency pairs but do not trade until you know what it is or how to trade it. Forex pairs are written in three letter symbols on brokers platforms and quoted as described in the youtube video. Online making money in forex market is easier said than done, you have to learn all the very basics to the very advance. All the jargons and terms are difficult to remember or grasp but can be easily understood with practice and patience. I recommend you take your time to learn step by step and watch this channel on a daily basis to keep yourself focus and on track to become master in forex trading. Currency trading is easy by pressing the buy or sell button but needs lot of work behind the scene to come to conclusion on buying or selling one particular currency pair or few pairs that you master.
Wish you good luck and good trading.
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