Forex basics
What is forex trading?
Forex trading means swapping one currency for another, like US dollars for euros, and hoping the price changes in your favor before you swap back.
Forex is short for foreign exchange. It is the market where the world's currencies are bought and sold. Banks, companies, travelers and traders all use it.
Currencies are always traded in pairs. When you buy EUR/USD, you are buying euros and paying with dollars. If the euro gets stronger against the dollar, the price goes up. If it gets weaker, the price goes down.
Traders can win or lose money on these moves. That is why Candleread teaches how prices move and how to control risk before anything else.
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This is taught in Grade 1: Market Basics.
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Reviewed 2026-10-04. Education only, not financial advice. Trading involves risk of loss.