Welcome to our Support Centre! Simply use the search box below to find the answers you need.
If you cannot find the answer, then Call, WhatsApp, or Email our support team.
We’re always happy to help!
Forex?
If you’re asking simply forex?, you’re referring to the foreign exchange market — the largest and most liquid financial market in the world. Forex (short for foreign exchange) is where currencies are bought and sold for profit, investment, trade, and travel.
What Is Forex?
Forex is the global market for exchanging national currencies. It involves trading currency pairs like:
- EUR/USD – Euro vs. US Dollar
- GBP/JPY – British Pound vs. Japanese Yen
- AUD/USD – Australian Dollar vs. US Dollar
Over $7.5 trillion is traded daily, making forex larger than all stock markets combined.
Why Do People Trade Forex?
- Speculation – Profit from changes in currency values
- Hedging – Protect against currency risk in international business
- Diversification – Access a global asset class
- Liquidity – Enter and exit trades quickly, 24 hours a day
How Does Forex Trading Work?
Traders buy one currency while selling another in a currency pair. If you believe the euro will rise against the dollar, you buy EUR/USD. If you believe it will fall, you sell EUR/USD.
Profits are made by capturing price differences (called pips) as currencies move.
Who Trades Forex?
- Central banks and governments
- Commercial and investment banks
- Corporations with global operations
- Hedge funds and asset managers
- Retail traders using online platforms
How To Start Forex Trading
- Open an account with a regulated forex broker
- Learn how to read charts and use trading platforms (e.g., MetaTrader 4/5)
- Study technical and fundamental analysis
- Practise on a demo account
- Manage risk with stop-loss and position sizing
Conclusion
So, forex? It’s the global currency market — a fast-paced, highly liquid, 24-hour opportunity for traders and investors. Whether you’re a beginner or advanced trader, the forex market offers vast potential — when approached with strategy and discipline.
Want to learn everything from the basics to advanced forex strategies? Start today with our industry-leading Trading Courses at Traders MBA and take your trading to the next level.
