Learn how experienced forex traders develop a strategy, mitigate risk, and perform self-analysis to understand what drives their trades and their successes.

Choose a broker, define what you need from your broker, develop your strategy, and consider a demo account before you enter the foreign exchange (forex) market.

A standard lot is the largest lot size in the foreign exchange market. One standard lot is equal to 100,000 units of the base currency in a forex trade.

The forex spread is the difference between the exchange rate that a forex broker sells a currency, and the rate at which the broker buys the currency.

The use of leverage in forex trading is often likened to a double-edged sword, since it magnifies both gains and losses.

A forex club is a national association of wholesale foreign exchange professionals, formed to provide education and networking for its members.

There are different forex trading strategies, depending on your outlook. Your time horizon may be the key to uncovering your true strength as a forex trader.

It isn’t economics or global finance that trip up first-time forex traders. Instead, a basic lack of knowledge on how to use leverage is at the root of trading losses.

Individuals who own self-directed IRAs can trade in the forex market.

Selwyn Gishen contributes to Investopedia and Forex Journal and has written a trading guide for Trade Station. He is the CEO of ProGro Group. Tsuji / Getty Images Trading is the exchange of goods ...

Want to trade forex using Bitcoin? Consider the risks and benefits before you hazard your hard-mined Bitcoins in the currency markets.

A pip is the smallest price increment used in the currency markets to establish the price of a currency pair. One pip equals one-hundredth of 1%.