Forex-Here.com All about Forex

Retail Forex market (retail currency trading or retail FX) is a part of the global Foreign exchange market. According to the New York Times the retail Forex is a risky market overcrowded with cheaters trying to swindle the assets of credulous individuals. There is an opinion that almost 90 percent of retail Forex traders always lose their money.

Currency pair is a quotation of two currencies. The currency that goes before the “/” is called as base or transaction currency. And the currency after the “/” is the quote (payment or counter) currency. The currency pair therefore shows the amount of the units of the quote currency required to purchase the one unit of the base currency.