Forex trading
Forex trading is trading foreign currency and is traded in foreign currency pairs, for example: Australian / United States dollar which is represented as AUD/USD. This means when you are buying one currency you are selling the other. Unlike shares you can trade in an upward or downward trending market.
A lot of times you will claims of forex been commission free trading which is not entirely true as the commission is in the spread, this is difference between the buying and selling price. For example when go to a currency exchange booth at an airport you may notice a board with different currencies listed with a buying and selling price, this is the spread. The buying price will be less than the selling price.
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