Just What Goes Into Making A Successful Forex Trader?

Forex trading is the largest financial market in the world. The last twenty years the Forex market boomed to incredible heights. The rising amount of internet users supported the development of the Forex market. Forex is an abbreviation of Foreign Exchanges. Forex is often abbreviated as Fx.

Forex trading is fun and with a little practice, perception and experience trading Forex can be very lucrative. Forex trading is all about speculating on changes in the exchange rates of currencies such as the Dollar, Pound, Yen or Euro. Most often Forex traders develop a greater awareness of world news. After all, changes in the world, mean changes in the exchange rates.
Forex Trading is your partner when it comes to Forex trading. We admit the importance of choosing the right Forex broker. Read our extended Forex broker review to find the Forex trading broker that suits you the best.
Basics Forex trading
Foreign currencies are always traded in pairs. Example: (USD / EUR) (GBP / EUR) (JPY / USD) The first currency is called the 'base' currency, the second is called the 'counter' or 'quote' currency. When a pair is listed as: (EUR / USD) the Euro is the base currency and the US dollar is the counter currency.

The US dollar is a world leading currency, therefore it's listed as a base currency more than any other currency. Currencies are quoted in the following way:
• EUR / USD 1.4958
This quotation means that 1 Euro can buy 1.4985 US dollar. If the base currency's value would rise in comparison with the counter value, one Euro could buy more US dollars. We call this an increasement of the quote. When the opposite would take place, it's what we call a decreasement of the quote

[Why ForexGen?]

1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex demo account that allows you to test your skills and practice without risking real money.