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!
What’s Forex Trading?
If you’re asking what’s forex trading?, it’s the process of buying and selling currencies in the foreign exchange (forex) market to profit from changes in exchange rates. Forex is short for foreign exchange, and it’s the largest financial market in the world, with over $7.5 trillion traded daily.
How Forex Trading Works
Forex trading involves trading currency pairs, such as:
- EUR/USD – Euro vs US Dollar
- GBP/JPY – British Pound vs Japanese Yen
- AUD/USD – Australian Dollar vs US Dollar
When you buy a currency pair, you’re buying the base currency (the first one) and selling the quote currency (the second one). You profit when the base currency rises in value relative to the quote.
Why People Trade Forex
- Liquidity – Easy to enter and exit trades
- Accessibility – Available 24 hours a day, 5 days a week
- Low capital requirements – Start with as little as £100
- Leverage – Control larger trades with smaller amounts
- Global opportunities – React to economic news from around the world
Who Trades Forex?
- Central banks and governments
- Banks and hedge funds
- Corporations hedging currency exposure
- Retail traders (like you) using online platforms and brokers
How You Can Trade Forex
- Open an account with a regulated broker
- Use platforms like MetaTrader 4, MetaTrader 5, or TradingView
- Analyse the market using technical and fundamental analysis
- Place trades and manage them with risk controls like stop-losses
Risks Of Forex Trading
- High leverage can magnify losses
- Volatile markets can move quickly
- Emotional trading leads to poor decisions
- Unregulated brokers can be dangerous
Conclusion
If you’re asking what’s forex trading?, it’s the global exchange of currencies — a fast-moving, high-potential market that rewards skill, discipline, and strategy. It’s not gambling, but a craft that can be learned and mastered.
Want to learn how to trade forex the right way? Enrol in our expert-led Trading Courses at Traders MBA and get a step-by-step roadmap to becoming a confident, consistent forex trader.
