What is Forex Market? Everything You Need to Know
Forex Tutorial
10 views
#001
FOREX BASICS
SERIES
SERIES
WHAT IS
FOREX MARKET?
Forex (Foreign Exchange) market is the largest financial market in the world where currencies are traded.
$
£
€
¥
1. WHAT IS FOREX?
Forex is a global decentralized market where one currency is exchanged for another.
$
USD
EXCHANGE
⇄
€
EUR
★ You buy one currency and sell another currency at the same time.
2. HOW DOES IT WORK?
Currencies are traded in pairs.
Example :
EUR/USD = 1.1050
↗ Base Currency
Quote Currency ↗
• If price goes UP → Base currency is getting stronger.
• If price goes DOWN → Quote currency is getting stronger.
3. MAJOR CURRENCY PAIRS
- EUR/USD – Euro / US Dollar
- GBP/USD – British Pound / US Dollar
- USD/JPY – US Dollar / Japanese Yen
- USD/CHF – US Dollar / Swiss Franc
- AUD/USD – Australian Dollar / US Dollar
- USD/CAD – US Dollar / Canadian Dollar
- NZD/USD – New Zealand Dollar / US Dollar
4. WHO PARTICIPATES?
Banks
Financial Institutions
Corporations
Retail Traders (You)
All trade in the same market.
5. MARKET SIZE & TIMING
🌍 Largest Financial Market in the World
💰 Average Daily Volume
$7+ TRILLION
(Approx.)
💰 Average Daily Volume
$7+ TRILLION
(Approx.)
Market is open 24 Hours a day, 5 Days a week
SYDNEY
10 PM – 7 AM (IST)
TOKYO
5 AM – 2 PM (IST)
LONDON
1 PM – 10 PM (IST)
NEW YORK
7 PM – 4 AM (IST)
Best Trading Activity → London + New York Session
6. HOW DO TRADERS MAKE MONEY?
Traders make money by predicting the price movement of currency pairs and placing trades accordingly.
They profit from the difference between buy and sell prices.
KEY TAKEAWAY
- Forex is all about currency exchange.
- You don’t trade companies, you trade currencies.
- Always traded in pairs (e.g. EUR/USD).
- Open 24 hours, 5 days a week.
- Largest financial market in the world.
Tags forex market
Sorry - Comments are closed