Forex Trading 101: A Complete Beginner Guide

## Welcome to Forex The forex market is the largest financial market in the world. $7.5 trillion changes hands every single day. ### The basics - Currency pairs: You buy one, sell another (e.g., EUR/USD) - Pip: Smallest price move; usually 0.0001 on majors - Lot: Trade size; standard = 100,000 units - Leverage: Borrowed buying power, up to 1:6000 with partner brokers ### Major pairs to start - EUR/USD (most liquid) - GBP/USD - USD/JPY - XAU/USD (gold) ### Risk management rule #1 Never risk more than 1% on a single trade. ### Your first 30 days Week 1: Demo account. Week 2: 10 demo trades, journal each. Week 3: Free Telegram, paper-trade signals. Week 4: Go live with smallest size. [Free Telegram](https://t.me/bestfxsignal).