WHY TRADE FOREX?

The Forex Market is the largest financial market in the world. It is open 24 hours a day and traded by the largest banks in the world. It is thereby a very liquid market so funds are cleared quickly. 

USING LEVERAGE

No other Financial Market gives you leverage as does the forex market. A 100:1 leverage means that for every $1,000 you deposit, you can trade with $100,000. This gives you the ability to gain substantially by good trades. Due to its large profit ratio, one can also take the same loss and loose their money.  (Using leverage of any amount is high risk & you can loose all your funds)

TRADING THE MAJORS

U.S. Dollar Trading (USD), The Euro (EUR), The Japanese Yen (JPY), The Australian Dollar, The Sterling (GBP) (AUD)

Pips

Pips and Points
Digits added to or subtracted from the fourth decimal place, i.e. 0.0001. We call the difference in prices by the term Pips and Points. 

Spread
The difference between the bid and offer prices.

Bid/Ask Spread
The difference between the bid and offer price, and the most widely used term of the market ...

Ask Rate
The rate at which a financial currency is offered for sale.

Candlestick Chart
Originating in Japan over 3 Centuries ago, candlestick charts have become very quite popular in recent times. It is many times used as a main indicator by traders. 

Exchange Rate
The price of one currency stated in terms of another currency.

Initial margin
The initial deposit of collateral required to enter into a position of trade as a guarantee on the future ...

Open position
A transaction not yet reversed or settled with a physical payment.