In the first lesson, we will introduce you to the global foreign exchange trading market. You'll learn what Forex trading actually is, why some people choose to trade Forex, and what exactly happens when you trade Forex? We will briefly introduce how foreign exchange trading activities are carried out by choosing to form different currency pairs. We will discuss how each currency is listed and traded in the foreign exchange market. What is "Base Currency" and "Reference Currency"? How is the global foreign exchange market linked? We will also provide an overview of the reasons why investors choose foreign exchange over other transactions as an investment tool, and will detail the advantages and disadvantages of foreign exchange trading itself. The background information introduced in this lesson is also an indispensable basic knowledge when learning more in-depth knowledge about foreign exchange trading in the future.

1.1 What is Forex Trading

We will start by introducing you to forex trading and the global forex market. It is very important to try to understand the basics from scratch. Only then will aspiring traders be able to answer the question "what is Forex" in addition to performing simple currency exchanges. In this lesson overview, we will take you into the world of Forex trading, the Forex market, and show you everything you need to know when trading Forex.

1.2 Why trade foreign exchange

Why trade Forex? There are many reasons to trade forex, and this lesson will discuss several reasons, each of which can attract newbie traders to forex trading. After completing the content of this lesson, you will have a better understanding of the trading opportunities in the foreign exchange market.

1.3 More reasons to trade foreign exchange

So why trade Forex? After clearly understanding the relevant reasons, many people are based on joining the ranks of the transaction. Obviously, "to make money" should be the most important reason to answer the question "why trade foreign exchange"! In this lesson, we will lay out the differences between Forex and other trading markets and explain why opening an account to trade Forex can be very profitable.

1.4 Trading currency pairs

What happens when you trade Forex? Here, we first discuss the concept of "currency pair" to further explain it. And this is also a difficult point in the concept of foreign exchange trading. Stock trading involves buying and selling shares in a company, while foreign exchange trading involves buying a portion of a country's currency. In a currency pair, the price of one currency is measured against another currency. It's like going to a bank and exchanging dollars for euros. When you sell dollars, it basically means buying euros, or other currencies. So, "EUR/USD" is a currency pair. This lesson will cover more details about currency pairs.

1.5 Market Price Basis

What exactly causes market price changes? The answer: the interplay of supply and demand. So how does supply and demand affect prices? In this lesson, we will show how the market price of a currency pair, consisting of two currencies, works.

1.6 Choosing an Online Broker

There are hundreds of online forex brokers to choose from, it can be overwhelming. When you are about to choose an online broker, how can you choose the right broker for you? In this lesson, we will explain a little bit how online forex brokers work and highlight the most important questions so you know which broker to choose when you finally choose to open an account.