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.