Lesson 1 – What is Forex

Forex, or the foreign exchange market, is the largest global financial platform for trading currencies, with a daily trade volume of $6.6 trillion. Forex trading involves exchanging one currency for another, capitalizing on fluctuating exchange rates. Traders can choose from a variety of currency pairs, including major, minor, and exotic pairs, each influenced by economic conditions. Unlike traditional stock markets, forex operates 24 hours a day, five days a week, offering liquidity and trading opportunities across the globe. Popular trading instruments include retail forex, currency futures, options, and CFDs, providing various ways to participate in this dynamic market.