Introduction to Forex Trading

LESSON 1 – What is Forex Trading? (Intro) ~6 minutes | first 60 sec

“Imagine turning 200,000 Ugandan shillings into 2 million in a few months — legally,

from your phone, without selling anything. That’s forex trading. And no,

it’s not gambling.” “Forex = Foreign Exchange. It’s simply buying one currency while

selling another. Example: You buy Euros (EUR) with US Dollars (USD) because you think

the Euro will get stronger. When it does, you sell the Euros back for more dollars

→ profit. It happens 24 hours a day, 5 days a week, and over $7 trillion

changes hands every single day — bigger than all African stock markets combined.” “Banks,