Course on Forex Trading

It involves trading of currency over the currency of another nation. As and when the need of foreign currency arises, the companies from one nation trade the currency across the specific country over other currencies in the world.

Why we trade Forex?
There are two reasons to buy and sell currencies. About 5% of daily turnover is from companies and governments that buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. The other 95% is trading for profit

This daily volume is larger than the combined volume of all the world's stock markets. The FOREX market is not located at one place or in one city. It is spread all over the countries It is an over-the-counter market where buyers and sellers linked each other via telephones, computers, fax machines, and other means and conduct their respective business.

If you're brand new to the Forex market, refer to some courses of forex. You can easily found at numerous sites related to forex or financial market sites.
These sites guide you how to trade in forex market even if you are newbie in the market.
Firstly understanding forex quotes as reading a foreign exchange quote may little bit confusing at first but it's really quite simple if you remember two things: 1) The first currency listed first is the base currency and 2) the value of the base currency is always 1.
The US dollar is the centerpiece of the Forex market and is normally considered the 'base' currency for quotes. For many others, quotes are expressed as a unit of $1 USD per the second currency quoted in the pair.
Forex trading courses tells you what factors actually drive currency prices. How Interest rate policy is actually a key driver of currency prices and typically a strategy for new investors. Fundamentally, if a country raises its interest rates, the currency of that country will strengthen because the higher interest rates attract more foreign investors. But before investing, you have to aware of forex market risks and its trends that directly effects the flow of forex rate prices, that not only includes interest rate but prices of commodities is also contribute to currency price of any country.
Currencies have a greater tendency to move in trending fashion due to the longer-term macroeconomic elements that drive exchange rates, such as interest rate cycles or global trade imbalances.

The first of the tools used to identify whether a trend is in place or not-trend line analysis to establish support and resistance levels. The vast majority of forex traders rely on charts to forecast price action. This will easily learn in forex education that is available online through study material or in ebook form.