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While there are potentially lots of currencies you can trade, as a new forex trader, you will probably start trading with the “major currencies“. They’re called “major currencies” because they’re the most heavily traded currencies and represent some of the world’s largest economies. Forex...

The simple answer is MONEY. Specifically, currencies. Because you’re not buying anything physical, forex trading can be confusing so we’ll use a simple (but imperfect) analogy to help explain. Think of buying a currency as buying a share in a particular country, kinda like buying shares in a...

The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. The FX market is a global, decentralized market where the world’s currencies change hands. Exchange rates change by the second so the market is constantly in flux. Only a tiny...

Quite simply, it’s the global financial market that allows one to trade currencies. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. Once upon a time, before a global pandemic happened, people could actually get on airplanes and...