Forex trading involves exchanging currencies with the aim of making a profit based on fluctuating values influenced by economic, political, and social factors. It is a 24-hour market, considered the largest financial market globally with a daily trading volume of around $4 trillion, and is preferred for its liquidity and lower risk compared to stock markets. Traders can start with minimal investment and utilize various tools to enhance their trading experience.

1. Forex trading is the act of
exchanging one currency for
another currency.

2. All forex trade results in the
buying of one currency and the
selling of another currency,
simultaneously.

3. One exchanges the currencies of
different countries with the hope
of making a profit if the value of
the currencies increases or
decreases in your favour.

4. Fluctuation of currency value is
influenced by many factors
including economic, political
and social events.

5. Unlike other financial markets
you can instantly respond to
changes in the market caused
by the aforementioned factors.

6. Currency trading is usually done
for speculative purposes.

7. The main traders are individuals,
institutions and corporate agencies
who engage in this trade to avoid
the risks involved while conducting
normal trade.

8. Forex trading has been in existence
for a long time and is considered to
be the biggest financial market in
the world with an estimated daily
trading volume of about $4 trillion.

9. It is also the backbone of all the
international capital
transactions that happen
around the world.

10. The trading goes on throughout
the day and night since this is a
twenty four hour trading
system.

11. The market is only closed on
weekends.

12. Trading throughout the world
varies with regard to location
and time in different countries.

13. Trading begins on Monday
morning in Tokyo, Japan, which
is 7pm on Sunday in New York.

14. Other countries in Asia who
follow to open their markets
are Hong Kong and Singapore.

15. They are followed by European
nations.

16. The last market to open is that
of London and by this time the
Asian markets are closing for
the day.

17. Many people prefer this form
of trade as it does not
experience huge drops like
those in the stock market.

18. When forex currency trading is
explained properly, you can see
how minor price movements
can result in huge profits.

19. This is not the case with stock
markets and commercial gains
where only minimal profit can
be made.

20. You also do not need a large
financial investment to start
this business; fifty dollars could
get you started.

21. While trading in forex, all the
transactions are free since you
do not pay commission.

22. Thus you are guaranteed to
make money due to the high
liquidity of currency trading.

23. There are numerous forex
trading tools that have been
introduced to enhance trading.

24. If you want to conduct trade
around the clock even when
you are sleeping, you can use
tools like FX Dashboard.