Courses › From Zero to Trader: The Ultimate Starter Guide
What is Forex Trading?
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What this lesson covers
Forex is the largest financial market in the world, turning over trillions a day, and it runs on one simple idea: every currency is priced in terms of another, and those prices move.
This lesson starts where everybody starts, changing money at an airport, and uses it to explain what a currency pair is, what the exchange rate represents, and how a trader makes or loses money when it changes. From there you will meet the people on the other side of your trade: the central banks, the commercial banks, the funds and the retail traders, and what each of them is actually trying to do.
You will also compare forex with stocks and crypto, so you can judge which market suits how you want to trade, and see the two ways in: risking your own capital, or trading a prop firm's capital through a funded account.
It is the foundation for everything that follows in the course.