Archive for September 1, 2007

Currency Trading - How to Read Currency-Pair Quotes

One of the most difficult things for newcomers to the forex to wrap their heads around is how to read currency-pair quotes. After all, most of us are used to seeing one price for items-a loaf of bread costs $1.89; a stock sells for $39.50 per share, etc. But in these cases, we are exchanging one currency-U.S. dollars-for physical goods. Buying one currency with another one can be a real headscratcher, but this article will hopefully allay some of your confusion.


How to Read a Forex Chart

If you have never read a Forex chart before, it may seem a little intimidating at first. But be assured that it is not difficult to learn how to read one. This is especially true if you start with a very basic chart, and do not load it up with a large number of indicators.