• What is forex?

    Forex, short for foreign exchange, is the exchange of one currency for another at an agreed-upon price in the global decentralized market.

  • Who participates in forex trading?

    Forex trading is carried out by individuals, corporations, banks, governments, and other financial institutions.

  • What are the major currencies traded in the forex market?

    The major currencies traded in the forex market are the US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar, and Australian Dollar.

  • What is a pip in forex trading?

    Pip, short for "percentage in point," is a unit of measurement used to express the change in the value of a currency pair in the forex market. Value after decimal is known PIP.

  • What is a currency pair?

    A currency pair is the quotation of two different currencies, with the value of one currency being quoted against the other. For example, EUR/USD is a currency pair that represents the Euro against the US Dollar.

  • What is technical analysis in forex trading?

    Technical analysis is the analysis of price charts and other technical indicators to identify patterns and trends that can help predict future price movements in the forex market.

  • What is leverage in forex trading?

    Leverage is a tool that allows traders to control a larger position in the market with a smaller amount of capital. It is expressed as a ratio, such as 1:100 or 1:500, and enables traders to increase their potential profits but also increases their potential losses.

  • What is a stop-loss order?

    A stop-loss order is an order placed by a trader to sell a currency pair when it reaches a certain price. It is designed to limit the trader's potential losses if the market moves against their position.

  • What is a take-profit order?

    A take-profit order is an order placed by a trader to sell a currency pair when it reaches a certain price. It is designed to lock in the trader's potential profits if the market moves in their favor.

  • What is fundamental analysis in forex trading?

    Fundamental analysis is the analysis of economic, financial, and other qualitative and quantitative factors that can affect the value of a currency in the forex market.

  • How can I start trading Forex?

    You'll need to register a trading account with a Forex broker, such as FP Markets. Then you can begin using their Forex client program to buy and sell currencies/ stocks / indices etc.

  • What are the tools Required for Forex Trading ?

    You need to open Trading account with broker , MT4 or MT5 application , Trading view websites for chart reading , few websites for financial market news , Mobile phone with internet . Start with DEMO account in order to understand execution of trades.

  • What are the long and short positions?

    If you take a long position, it means you're buying, and you'll make a profit if the currency rate increases. On the other hand, if you take a short position, it means you're selling, and you'll make a profit if the currency rate decreases.

  • What is the best Forex trading strategy?

    There is no one-size-fits-all strategy for trading in the Forex market. In order to consistently make profits, you need to continuously develop and adapt your own strategies to handle different market situations. While certain Forex strategies may work well for a limited time or with specific currency pairs, they are not universally effective.

  • How much money do I need to start trading Forex?

    With some Forex brokers  you can start trading Forex with as little as $10. Usually, the minimum amount varies from $100 to $10,000 ($100,000 and more for interbank trading).