Forex trading

[McMathews]

Hi all
For some days I am deeply involved in reading different articles in the forum. And have obtained lot of knowledge however there a long way to go through.
I am planning to start trading with Forex. However I came to know that forex trading is the most risky investment in many of the articles. Is this true? What are the additional steps that we must assure before marching on to forex ? What is currency pair? As its always said that there is currency pair in Forex ? What significance does it have?
Regards
:idea:

 

[Rhody Trader]

First, forex is no more risky than any other market. It's the foolish application of excessive leverage that tends to do people in.

As for a currency pair, it is exactly what it sounds like. The forex market is the market for the exchange rates between currencies. The USD/JPY pair is the exchange rate between the US Dollar and the Japanese Yen.