WWe will start with the basics of Forex trading, helping you understand how you can begin your journey — from beginner to advanced level.

What is Forex?

The word Forex comes from “Foreign Exchange” — which means exchanging one currency for another. It is the world’s largest financial market, where currencies are bought and sold.

Forex Definition (Simple Explanation)

Forex is the exchange between two different currencies.

Example:

You have Euros (EUR) and you want to convert them into US Dollars (USD).
You go to a money exchange shop, like Western Union, and:

• Give them your Euros
• Receive US Dollars in return

This action of changing EUR to USD is called Forex — a simple currency exchange between two countries.

Why is Forex Important?

It gives traders an opportunity to earn profit from currency value changes

It allows international trade and travel

It helps businesses operate in multiple countries