In forex trading there are 4 major currency pairs. They are commonly referred to as "The Majors". The majors are the most liquid and commonly traded currency pairs in the market.

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Moving averages are one of the most commonly used technical indicators in forex trading. The moving average helps traders to track the overall pricing trend of a currency. It is called a moving average because it incorporates the new pricing data as it develops.

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In the forex world, brokers allow trading of foreign currencies to be done on margin. Margin is basically an act of extending credit for the purposes of trading. For example, if you are trading on a 50 to 1 margin, then for every $1 in your account, you are able to trade $50 in a trade. This has both its drawbacks and advantages.

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Choosing a lot size to work with will make a big impact on your risk management strategy. You might find yourself asking “which lot size will work best for me?”. The answer really depends on your trading style but a basic rule of thumb is the smaller the better. The smaller your lot size, the more flexible you can be when it comes managing your trades.

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The Basics of Using Stop Losses
One of the trickiest concepts in forex trading is management of stop orders. A stop loss order is an order that closes out your trading position with the intent of cutting your losses when the market moves against you.

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