This document provides information for beginners on how to trade forex. It defines some basic forex terminology like pip, currency pair, base currency, and quote currency. It notes that forex trading occurs 24/5 and over $5.3 trillion is traded daily, making it one of the most liquid markets. For beginners, only $50 is needed to open a micro account to start trading. Tips for beginners include interacting with other traders, keeping emotions under control, choosing a consistent methodology, and focusing on goals while accepting small losses.

1. How to Trade Forex for
Beginners

2. Index
• Forex Trading for Beginners
• How to Trade Forex for Beginners
• Forex Trading Tips For Beginners

4. Forex Trading for Beginners
• Forex trading is the leading market in the globe,
is where currencies are traded or exchanged, 24
x 5 from Monday to Friday.
• Over USD 5.3 Trillion are traded every day in
forex markets, thus earning the name of one of
the most liquid markets across the globe.

5. • If you are a beginner in forex, you have to shell
out about $50 to open a micro account and get
started.
• However, you first need to understand the basic
forex market terminologies like the following:

6. How to Trade Forex for Beginners
• If you are a beginner in forex, you have to shell
out about $50 to open a micro account and get
started.
• However, you first need to understand the basic
forex market terminologies like the following:

7. PIP
• Pip is the lowest price change in a particular
forex market when trading.
• It’s normally exchanged in increments of 0.0001
(1 Pip).

8. Cross Currency Pair
• It refers to the pair of currencies exchanged in
the market without including the US Dollars.

9. Currency Pair
• The pricing format and the quotation of the
currencies exchanged in the market is known as
the currency pair.
• A currency’s value is decided by comparing the
value of another currency.

10. Base Currency
• Base currency also referred to as the accounting
currency or the domestic currency is the initial
currency cited in a currency pair on forex.

11. Quote Currency
• This is the next currency, after base, cited in a
currency pair on forex.
• This currency is also called the counter or the
secondary currency.

12. • Forex for beginners can be very interesting once
you understand the basic terminologies of the
market and learn the know-how of trading forex
for beginners.

13. Forex Trading Tips For Beginners
• Here are a few tips that help you as a
beginner:
1. Interacting with other forex traders will help
you learn faster.
2. Trying and looking at everything realistically
will help you have a profitable strategy.

14. 3. Getting emotional will not help, so try to keep
your emotions under control.
4. Choosing a methodology and following it
consistently will help.
5. Focusing on your goals and learning to accept
small loses is important.

15. Thank You