What is Forex? – Free Forex trading course for beginners – Part 2
Now let’s start our journey into the Forex world, but before we start you should know the meaning of Forex. Forex stands for foreign exchange market and some traders just call it FX. You should know that the Forex is the largest financial network in the world and it’s increasing every single moment and the last statistics shows that it increases to more than 1.5 trillion dollar.
After you get the meaning of the Forex and now you know that Forex market is a big monster you should know that Forex world in very simple words is buying one currency and selling another; like you are buying USD and selling Euro or vice versa. This is not the only currency pairs that you can trade you have many pairs to trade with like GBP/USD, USD/JPY, USD/CHF and much more. You should select the most profitable pairs and start your trade because the profitable pairs are changing due to the market in each single moment.
That’s it. I am sure you are shocked now because you are now know the Forex is not so complicated but don’t get so excited because there is a lot of secrets and risks in the Forex world. In the next post you will know who trades Forex and can you trade or not!
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