Basics of forex trading

Forex trading , also known as foreign exchange trading or FX trading , it is the process of buying and selling currencies with the goal of making a profit. It’s the largest and most liquid financial market in the world , with over $7 trillion traded daily .   It involves various currencies (like EURUSD,GBPJPY,CADCHF and many more ) and  commodities (like XAUUSD , XAGUSD)  1. How forex market works ? In forex, currencies are traded in pairs . One currency is bought while the other is sold. Common examples include EUR/USD (Euro/US Dollar) GBP/JPY (British Pound/Japanese Yen) XAU/USD (Gold/US Dollar – technically a commodity, but traded similarly) 2.  Basics terms to understand forex  Pip : The smallest price move a currency pair can make, typically 0.0001 for most pairs. Lot : The size of a trade. A standard lot is 100,000 units of the base currency. Leverage : Allows you to control a larger trade size with a small amount of money. (E.g., 1:100 leverage...