Forex Fundamentals
Forex Trading Basics for Beginners
Tutorials
What Is Forex Trading?
Forex (Foreign Exchange) is the global marketplace where currencies are bought and sold. Traders profit by predicting how one currency will move against another.
With high liquidity, 24/5 accessibility, and global participation, the Forex market is ideal for beginners and professionals.
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What Are Pips and Lot Sizes?
Measuring Movements in Forex
Pips:
A pip is the smallest price movement in a currency pair (usually 0.0001).
Lot Sizes:
Micro Lot: 0.01 = 1,000 units
Mini Lot: 0.10 = 10,000 units
Standard Lot: 1.00 = 100,000 units
Understanding pips and lots helps you calculate risk and plan your trade size correctly.