Forex, or the foreign exchange market, is where currencies are bought and sold. You’re trading one currency against another, hoping to profit from the change in value. Currencies move up and down every second based on factors like economic data, interest rates, political events, and market sentiment. Traders aim to profit from these price fluctuations.
Forex is the largest financial market in the world — with more than $7+ trillion traded every day — and it operates 24 hours a day, five days a week.
Currencies always trade in pairs—for example, EUR/USD.
If you predict the euro will rise against the U.S. dollar, you buy EUR/USD. If you predict the euro will fall, you sell EUR/USD.
Your profit or loss is determined by how much the pair moves in your predicted direction.
Major Pairs
These include the world’s most traded currencies and always include the USD.:
Minor Pairs
Pairs that do not include the USD. They are less liquid than majors.
Exotic Pairs
These include one major currency and one currency from an emerging or smaller economy.
These pairs have higher spreads and more volatility.
Most Traded Pairs in the World
Your broker plays a huge role in your trading experience. Look for:
• Proper regulated broker
• Low spreads and fees
• Fast deposits and withdrawals
• Responsive customer support
Never trade with unregulated brokers.
Brokers provide the platform to trade
A forex broker connects you to the market through platforms like:
• MT4
• MT5
You execute trades, set stop-loss, take-profit, analyze charts, and track your account balance.
Every beginner should practice on a demo account before using real money.
A demo account lets you:
• Learn how the platform works
• Practice entries and exits
• Test strategies without financial risk
• Gain confidence
Stay on demo until you can trade consistently and responsibly.
Beginners choose forex because:
• ✔ You can start with a small amount
• ✔ Free demo accounts for practice
• ✔ Markets are open almost all the time
• ✔ Simple tools help you analyze market prices
• ✔ No physical products or selling involved
It’s a skill-based market. if you learn properly, you can grow over time.
How to Start (Beginner Roadmap)
1. Learn basics of Forex Trading.
2. Choose a regulated broker.
3. Practice on a demo account
4. Start with a simple strategy
5. Manage risk (never risk more than 1–2% per trade)
6. Grow slowly and consistently
A calm mind, patience, and discipline will take you much further than any complicated setup.
Every beginner should practice on a demo account before using real money.
A demo account lets you:
Stay on demo until you can trade consistently and responsibly.
Why Forex Is Popular Among Beginners
Beginners choose forex because:
It’s a skill-based market. if you learn properly, you can grow over time.
How to Start (Beginner Roadmap)
A calm mind, patience, and discipline will take you much further than any complicated setup.
Forex trading is an exciting skill that can open the door to financial opportunities, but only if approached with discipline and education. With the right mindset, proper training, and consistent practice, beginners can build the confidence and skills needed to trade successfully.
Enroll Now for Our Trading With Market Sentiment Program!
If you want to know more about Risk Management & Intraday Trading Strategies, you can refer to our previous blog on Importance of Risk Management In Trading and 10 Best Intraday Trading Strategies.
Open a Demo Account using our link to get support from us – https://track.deriv.me/_7NlWI72Z2uXOnQYcsG-vA2Nd7ZgqdRLk/1/ and send your ID to info@capitalgainsacademy.com
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