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billion dollars of daily trading volume. Now the scale

absolutely fundamental skills understanding basic human

edge is what you're going to learn how to develop in this

is how you will extract profit from the market on a consistent

over and over again. And then finally, which is probably the

hardest bit and what may take the most time is understanding

in the market that you have over others now your trading

number three, understanding basic pattern recognition. So

someone else for a much higher price looking in the difference

mathematical probabilities. Don't worry about this. The

looking for the same things happening again in price action

buying and selling volume happening at any given time is

course and it all comes down to you mastering these four

million dollars in the market but the strategy that you

But the trillion dollar question is, how do you

is literally a million different ways to make a

the market high when it is overvalued for a nice profit.

choose to answer that question ultimately is your trading edge

price can change over a given time period. A liquid market

How do you know that? There are an endless amount of methods

liquidity is very important because it determines how easy

think of it a bit like eBay, right? You want to buy

a shift in exchange rates and then selling it back to the

trader. To buy low and sell high or vice versa. That's how

to this. The entire US stock market it only turns over 250

and strategies that traders use to try to determine this there

what is actually traded in the Forex market? Money. Forex

market at a later point in time, ideally for a it. So

happen with very little effect on price or price action. So,

maths is literally super easy. Don't worry about that

a staggering average daily trading volume exceeding $6. 6

for a tidy profit? That is literally your sole aim as a

of the Forex market it means that liquidity so the amount of

actually determine the true value of an exchange rate? So

strategic foresight and master planning. Mastering four skills

whatsoever if you're not a big math fan of maths. And then

you will make money. Sounds simple enough in theory, right?

and this is pretty much when you will, you know, pretty much

behavioral tendencies understanding basic

trillion dollars just to put that into perspective all of

day during those two sessions but this global market, it's

market opens in Sydney and then moving into Tokyo during the

Asian session and then before it opens up in London and this

to capitalize an opportunity and have the ability to

open twenty-four seven. So good luck getting any rest with

for trading Forex. Instead, currencies are traded by an

days a week, only closing down on the weekend. The only market

their own personal time constraints may be. The FX

sustainably build their wealth around the clock no matter what

So as I say the London and New York session is where and when

to eclipse this is the cryptocurrency market which is

the majority of the trading volume goes through the market

but before the session finally ends in New York for the day.

electronic global network of banks, dealers, and brokers and

traded through a central exchange. So, you know, many US

as a result, the FX market open twenty-four hours a day, five

unlike stocks or commodities, there is no central exchange

stocks, they are traded through the New York Stock Exchange but

Forex traders with the aim of earning a profit from these

capital. Now, while a lot of foreign exchange is done for

classes, say like stocks or commodities, they are generally

FX so attractive to the traders. Now, with asset

practical purposes like that, a lot of it is also undertaken by

abroad or pay their overseas employees and imagine what that

11 euros and on Thursday, maybe 1. 12 euros. Now, this tiny

hedge funds, pension funds, insurance firms, and banks, as

how to transcend your own emotional reactions through

well as commercial businesses to convert one currency into

Italy and you convert your US dollars into euros When you do

ever traveled to another country, it's pretty likely

that you've converted some of your local currency into

another for a variety of different reasons such as

continuously. A single dollar on Wednesday could get you 1.

trading is quite literally the act of buying money, waiting on

converted every day can make price movements of subcurencies

undervalued and then that you know you are selling it back to

market is the largest most liquid market in the world with

think of it on a much bigger scale. A large international

could do to their monthly net profit is simply exchanging one

currency for another cost you more depending on when you do

something nice and cheap and then you want to sell it onto

that you know you actually buying it when it's cheap and

environment like Forex, it enables huge trading volumes to

the world's stock markets combined do not even come close

supply and demand determines how many euros that you get for

extremely high. So from the perspective of trader,

buyers and sellers that allows individuals like ourselves such

What actually is Forex trading? Well, to understand what Forex

market is. FX or Forex is short for foreign exchange and the

commerce, tourism, or just pure speculation. So if you have

mutually agreed rate. So, it is a decentralized network of both

trading is, first, we must understand what the Forex

nation's currency is exchanged for that of another at a

made Forex trading extremely attractive as it allows traders

is when you start to see a lot of the volume coming through

that. Now affiliate currencies, they are traded worldwide in

four major financial sectors in different time zones. The

nearly always see the biggest amount of volatility for the

your dollars and this exchange rate is fluctuating

quickly when you are dealing with significant sums of

extremely volatile and it's this volatility that can make

it. These few small price differences, they add up pretty

company, you know, they may need to import goods from

price difference may seem insignificant initially but

fluctuations in exchange rates and the amount of currency

this, the exchange rate between the two currencies based on

in the forex market. If you take a trip from a America to

another currency and therefore you have already participated

as traders and investors, big financial institutions such as

foreign exchange market is the global marketplace in which a

basis. This is the journey you are about to begin.