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⚙️ Key Concepts

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📊 1. Currency Pairs

• Major pairs: EUR/USD, GBP/USD, USD/JPY

• Minor & Exotic pairs: AUD/NZD, USD/ZAR, etc.

Each pair has:

• Base currency (the first one – you're buying/selling this)

• Quote currency (the second one – it's what you use to buy the base)

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🕒 2. 24-Hour Global Market

The Forex market is open 24 hours a day, 5 days a week — across different global sessions:

• Tokyo Session

• London Session

• New York Session

The most active time is during the London/New York overlap.

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🔀 3. Price Movement

Currency prices move due to:

• Economic news (e.g., inflation, interest rates)

• Political events

• Supply and demand

• Speculation and large orders

💼 4. Participants

• Retail traders (individuals like you)

• Banks & Institutions

• Corporations doing international business

• Governments & Central Banks

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📈 5. How You Make Money

You make profit by:

• Buying low, selling high (if you think the price will go up)

• Selling high, buying low (if you think the price will go down)

Use leverage to control larger positions with less capital, but manage your risk carefully.