Course Content
FOREX TRADING BEGINNERS COURSE (FREE)
About Lesson

Forex, short for “foreign exchange,” refers to the global marketplace for buying and selling currencies. Every country has its own currency, like the U.S. dollar (USD), the euro (EUR), the British pound (GBP), and many others. In Forex trading, participants exchange one currency for another, which is why we often see currency pairs like EUR/USD, GBP/JPY, or AUD/CAD.

Imagine you’re planning a trip from the United States to Europe. When you exchange your dollars (USD) for euros (EUR) at a bank, you’re participating in the Forex market. But Forex trading goes beyond just travel. Traders and investors buy and sell currencies to profit from the changes in their values. Since currencies fluctuate in value throughout the day, traders aim to predict these movements to make a profit.

The Forex market is unique because it’s open 24 hours a day, five days a week, as it operates globally. When markets in one region close, others open, creating continuous opportunities. Trading in Forex involves understanding various strategies, such as analyzing economic news, interest rates, and market trends.

In summary, Forex is a global currency marketplace where people trade currency pairs, aiming to make profits based on fluctuations in exchange rates.