Forex trading represents one of the largest and most liquid markets in the world. There are countless opportunities for forex traders to beat the market and hit it big. Most successful forex traders will all agree on one thing, information is key. That is why Born2Invest brings you the latest forex rates to ensure that you make all of your forex trades with the most up to date information.
Forex trading is different from other kinds of trading, such as the stock or commodity markets, because it is open 24 hours a day, 5 and a half days a week. This provides forex traders a huge number of opportunities to hit it big.
Forex trading is built around the concept of currency pairs. There is always a base currency and an exchange currency. You need to sell 1 unit of the base currency in order to buy a specified amount of the exchange currency. This process enables clever forex traders to hit it big by timing the market.
In order to time the market it’s important to understand the specific drivers of a currency pair. Some currencies are heavily affected by local politics, and others are tied into the price of commodities. Some are also considered safe haven currencies, designed to help investors and traders protect their assets in the face of an economic downturn.
The first thing to check is the latest forex rates. These will help you understand what today’s rate is. Another important thing to look for is historical forex rates. These will help you understand whether a currency is trending up or down. You can find all this vital information below.
You can check back on this page every day for the updated forex exchange rates for top trading currencies. We also have in-depth guides to each currency on their dedicated pages. It’s important for forex traders to understand the trends and drivers of specific currencies in order to be successful.
To help with these we’ve assembled a number of articles containing forex tips or other useful pieces for information about forex trading. If you want to get started simply click one of the links below or head to our dedicated forex tips and tricks pages.