Mastering the Fundamentals: A Newbie’s Guide to Forex Trading

If you're new to trading or considering getting into this dynamic world, it can really feel overwhelming at first. However, understanding the fundamentals is key to turning into a profitable Forex trader. This newbie’s guide will assist you to break down the basics and set you on the trail to mastering the Forex market.What's Forex Trading?Forex trading, or currency trading, involves buying and selling currencies towards each other in a decentralized global market. The goal is to profit from the fluctuations in exchange rates. Forex trading takes place in currency pairs, equivalent to EUR/USD (Euro/US Dollar), GBP/JPY (British Pound/Japanese Yen),…