What is Forex Trading? Beginner’s Guide – Smart Forex Guide
Forex (Foreign Exchange) is the world’s largest financial market, where currencies are bought and sold. Every day, over $7 trillion is traded globally, making it highly liquid and accessible for traders of all levels. What is Forex Trading? Forex trading involves buying one currency and selling another at the same time. Example: EUR/USD → if you believe the Euro will rise against the US Dollar, you “Buy.” If you think it will fall, you “Sell.” The goal is to profit from currency price changes. Why is Forex Market Popular? - 24-hour market: Open Monday to Friday, allowing trading anytime - Low starting capital: You can start with as little as $100 - High liquidity: Buyers and sellers are always available - Profit opportunities: Frequent price movements create chances for profit Tips for Beginners 1. Start small: Begin with a low investment and gradually increase as you learn 2. Use demo accounts: Practice trading without risking real money 3. Follow risk management: Avoid putting t...