WHAT IS FOREX TRADING? A Step-By-Step Guide | Forex Free Course FX101

I did promised that as soon as we hit 5k subscribers I will bring to you the full course on Forex Trading. Just about 55 days from the day the first video was posted on this channel we hit 50K subs and as a thank You, I am doing just as I promised which is starting the FULL FOREX TRADING COURSE. This is a step by step guide and its gonna take use between 30 to 50 videos for it to be completed. So get your book, pen, a cup of coffee and let's get to class 😊


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⚠️ NOT FINANCIAL ADVICE DISCLAIMER:
This video is for educational purposes only. Please do your own research before making any decisions with your money. I will not be held liable for any losses or gains you may experience. I am not your financial or investment advisor. This is completely educational content and should be taken as such - the views expressed in the content are opinions. Nothing on this channel should be taken as a recommendation to buy a particular crypto asset. The information shared on this channel is not indicative of future results. Analyses are not absolute and are prone to change in accordance with present and future market events. Please do all of your own research before you buy any stock or financial product.
⏰ Time Stamp ⏰
00:00 Intro
00:30 thank you For 5k Subscribers
02:50 Why The Course Is Free
05:00 Table of Content
05:55 What is FOREX
07:30 FOREX The Giant
09:04 An Example of A Forex Transaction
15:12 The Pros Of Forex Trading
19:16 Currency Structure
23:48 Major Currencies
25:21 Currencies Nicknames
28:00 Outro
⏰ Time Stamp ⏰

FOREX FOR BEGINNERS – WHY TRADE FOREX?
Here you’ll find forex explained in simple terms. If you’re new to forex trading, we’ll take you through the basics of forex pricing and placing your first forex trades.

‘Forex’ is short for foreign exchange, also known as FX or the currency market. It is the world’s largest form of exchange, trading around $4 trillion every day. This exceptional liquidity ensures reliable pricing even at high volumes and enables the tightest possible dealing spreads. When you trade forex your trading costs are comparatively low, and you can easily go long or short of any currency.

Forex explained
The aim of forex trading is simple. Just like any other form of speculation, you want to buy a currency at one price and sell it at higher price (or sell a currency at one price and buy it at a lower price) in order to make a profit.
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In forex trading terms this value for the British pound would be represented as a price of 2.0000 for the forex pair GBP/USD. Currencies are grouped into pairs to show the exchange rate between the two currencies; in other words, the price of the first currency in the second currency.