Forex Basics 101

Welcome to Forex Basics 101

This website is your free, simple guide to understanding the foreign exchange (Forex) market. No experience required, no confusing terms — just straight, easy lessons made for beginners.

What is Forex?

Forex stands for "foreign exchange." It's the global market where people trade different currencies (like USD to EUR). Forex is the largest financial market in the world, with over $6 trillion traded daily.

People trade Forex to profit from changes in exchange rates. It operates 24 hours a day, 5 days a week.

Basic Forex Terms

• Pip: A small unit of movement in currency price.
• Leverage: Trading with borrowed money to increase potential profit.
• Spread: The difference between the buy and sell price.
• Currency Pair: Two currencies being traded, like EUR/USD.

How to Start Trading

1. Open a free demo account on a trusted broker (like Exness, HotForex, etc.)

2. Use demo money to practice trades risk-free.

3. Learn charts, practice entries, and never rush into real trading without skill.

Warning: Forex is risky. Never trade money you can't afford to lose.

Beginner Tips

• Start with a demo account first.
• Stick to one or two currency pairs.
• Never trade without a stop-loss.
• Don’t chase losses — stay disciplined.
• Keep learning. Forex rewards knowledge and patience.