The forex market is where currencies are traded. It is the largest financial market in the world.
Example: Trading USD for EUR (USD/EUR).

Pairs involving USD: EUR/USD, GBP/USD, USD/JPY, USD/CHF.
Example: EUR/USD = Euro vs. US Dollar.

Pairs without USD: EUR/GBP, EUR/AUD, GBP/JPY.
Example: Often called cross-currency pairs.

One major currency + one emerging market currency: USD/TRY, USD/SEK.
Example: Higher risk due to volatility.

Tokyo: 12 AM–9 AM GMT
London: 8 AM–5 PM GMT
New York: 1 PM–10 PM GMT

Bid: Price to sell currency. Ask: Price to buy currency.
Example: EUR/USD = 1.1050 (Bid) / 1.1052 (Ask).

Difference between bid and ask prices. Spread = Ask – Bid.
Example: 1.1052 – 1.1050 = 0.0002 (2 pips).

A pip is the smallest price move in forex trading.
Example: In EUR/USD: 0.0001. In USD/JPY: 0.01.

Borrowing funds to increase position size.
Example: 1:100 leverage means $1 controls $100 worth of currency.

Standard Lot = 100,000 (1.00 Lot) units. Mini Lot = 10,000 (0.10 Lot) units. Micro Lot = 1,000 units (0.01 Lot).
Example: Trade size determines potential profit/loss.

Common platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader.
Example: Choose a platform with technical tools, ease of use, and reliability.

Market Order: Executes at current price
Limit Order: Executes at a specified price
Stop Order: Executes after a price is reached
Example:
Buy Stop: If Last Price breaks above an specific price it open Buy position
Buy Limit: If Last Price Break below an specific price it will open a Buy position
Sell Stop: If Last Price breaks below an specific price it open Sell position
Sell Limit: If Last Price Break above an specific price it will open a Sell position

Risk no more than 1-2% of your account per trade. Use stop-loss orders to protect your trades.

Mathematical Calculations to identify Market Condition
Example:
MA : Moving Average
RSI: Identifies overbought/oversold conditions.
MACD: Measures trend momentum.

The Style of Analyzing the market
Example:
Technical : Price Action , Technical Classic , Elliot waves
Order Flow : ICT , Smart Money
Fundamental : Economic events and news
Sentiment : Market Mood

Example:
Non-Farm Payroll (NFP)
Interest rate decisions
GDP reports

Example:
USD: Greenback
GBP: Cable
EUR: Fiber
AUD: Aussie

Price difference between expected and actual execution.
Example: Often occurs during high volatility (e.g., news events).

Margin: Capital needed to open a trade. Margin Call: Broker demands more funds to maintain a position.
Note: Avoid over-leveraging.

Scalping: Short-term trades.
Day Trading: No overnight trades.
Swing Trading: Hold trades for days.

Practice with virtual funds before trading live.
Test strategies without risk.

Over-leveraging, not using stop-loss, ignoring risk management.
Note: Learn from small losses to avoid big ones.

Research broker reliability, fees, spreads, and regulations.
Note: Check for licenses with entities like FCA or ASIC.