Forex (Foreign Exchange) is the global marketplace for trading currencies. With over $6 trillion traded daily, it's the world's largest financial market. Traders profit from currency value changes by buying low and selling high.
Forex trades 24 hours, 5 days a week across four main sessions: Sydney, Tokyo, London, and New York. The best trading occurs during session overlaps when liquidity is highest.
Leverage allows trading larger positions with less capital (e.g., 1:100 means controlling $100,000 with $1,000). While it amplifies profits, it equally amplifies losses. Use leverage cautiously.
Quick trades targeting small price movements
1-15 minutes
5-10 pips
Open and close positions within the same day
5 minutes - 1 hour
20-50 pips
Hold positions for days to capture larger moves
4 hours - Daily
50-200 pips
Long-term trades based on fundamental analysis
Weekly - Monthly
200+ pips
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