What is Forex? The Complete Beginner’s Guide

Learn everything about the foreign exchange market — the world’s largest and most liquid financial market.

Understanding the Forex Market

The Forex market is where currencies are traded, with over $7.5 trillion USD in daily volume.

How Forex Trading Works

Forex trading involves buying one currency while selling another. Currencies are always traded in pairs.

Major Currency Pairs

• EUR/USD — 28% volume
• USD/JPY — 17%
• GBP/USD — 13%
• USD/CHF — 9%
• AUD/USD — 8%
• USD/CAD — 7%
• NZD/USD — 3%

Why Trade Forex?

• High Liquidity, Leverage, 24/5 Market, Low Costs, Two-Way Trading

Risks

Always use stop-loss orders and never risk more than 1-2% of your account on a single trade.