Forex for Beginners: Everything You Need to Know in 2026 | First Video

[00:02] find this video in the Forex playlist, and there are many other styles. Check the playlists and see which style you'd like to learn and start with. I want to tell you in this first video, before you begin, that this field isn't just about money and trading. This field can change your

[00:19] money and trading. This field can change your personality, your outlook on life, and your way of personality, your outlook on life, and your way of thinking. For example, when Facebook crashes, it might be normal for some people, but for a trader, it can make money.

[00:33] When a war breaks out between two countries, an average person might see the news superficially, but a trader has a different perspective and benefits from it. So, this is a quick overview I wanted to give you at the beginning of

[00:45] your learning in this field. I want you to focus on every word I say word I say because it could be very important and make a big difference for you in the future. You might make a mistake in the future because you didn't pay attention to some information

[00:58] or skipped it. Okay, we'll start with the or skipped it. Okay, we'll start with the theoretical part first. I don't want you to practice on your phone or anything like that. Grab your laptop and don't do anything. The first thing I want you to do is start with the initial stages, the

[01:10] thing I want you to do is start with the initial stages, the videos. You need to understand them intellectually. Once you understand videos. You need to understand them intellectually. Once you understand intellectually and have a strong foundation, you're well-established. Then you can pick up your phone or computer and start trading with me, applying the knowledge

[01:23] yourself. We'll get to that later. For now, this is just the theoretical learning stage. If you don't know what trading means, the risks of trading, or the prerequisites you need to know or possess to begin in this field, go back and watch the first video released before this

[01:40] one. We'll start by explaining what the word "trading" means. Simply put, trading means buying something at one price and word "trading" means. Simply put, trading means buying something at one price and

[01:54] selling it at a higher price, profiting from the difference. See this equation? You bought something and sold it for a difference. See this equation? You bought something and sold it for a higher price, profiting from the difference. Just imagine how simple it is! That's the meaning of the word "trading." Trading

[02:15] can be on company stocks, gold and metals, real estate, cars, apartments, cryptocurrencies—anything in life that you can

[02:27] cryptocurrencies—anything in life that you can buy for a certain amount and sell for a higher amount. So, here you buy for a certain amount and sell for a higher amount. So, here you made a profit, and this profit you made is the trading process. It could be a car, like the example here, or it could be a

[02:42] could be a car, like the example here, or it could be a house, or gold, or house, or gold, or anything in life that you buy at one price and sell at a higher price, profiting from the price difference. That's the trading process. Now, what is the

[02:56] price difference. That's the trading process. Now, what is the Forex market? The Forex market is a place where Forex market? The Forex market is a place where people gather. Let's think of them like this, imagine them. people gather. Let's think of them like this, imagine them. Okay, let's imagine them as people:

[03:09] traders and companies. and sell, and perform the process we talked about, which is

[03:25] buying and selling. But here, they don't buy and sell real estate or But here, they don't buy and sell real estate or cars. Here, they buy and sell currency—one currency for cars. Here, they buy and sell currency—one currency for another. You see how these

[03:39] people enter this market, this place? They all put their money in and perform this process you see here—the process of buying and selling. It's written here that you have one currency

[03:51] for another, one currency for another. For example, here you see the Euro for the you see the Euro for the Dollar, for example, or the Japanese Yen. The exchange of currencies like the Swiss franc against the dollar, and

[04:05] many others, means the buying and selling process we discussed earlier takes place. However, it's not a selling process we discussed earlier takes place. However, it's not a house, apartment, or car; it's one currency against house, apartment, or car; it's one currency against another. For example, if the dollar rises

[04:20] against the euro, or vice versa, you buy buy euros when they are cheap. When the euro rises against the dollar, you sell them, profiting from the exchange rate difference. This is what happens in the

[04:36] This is what happens in the Forex market, but in simple terms. I'm known for Forex market, but in simple terms. I'm known for simplifying the concept to help you understand, and then we'll go step by step and delve deeper. So, you see how we profit from the Forex market?

[04:51] profit from the Forex market? It's when the price of one currency changes against another. Now, let's talk about currency pairs. The Forex market, my friends, is the largest financial market in the world. It's open 24 hours a day, five days a week, except for Saturday and

[05:07] a day, five days a week, except for Saturday and Sunday, which are holidays. It's not just one market; I'll explain it to you now. First, let's explain the word Forex. What does Forex mean? It's the acronym FRX. Forex. What does Forex mean? It's the acronym FRX. See that one here? FRX,

[05:22] See that one here? FRX, short for Foreign Exchange Market, is the world's largest financial market. With projected world's largest financial market. With projected 2025 figures of

[05:38] 2025 figures of $9.6 trillion in daily trading volume, the total daily trading volume is estimated at $6 trillion. This figure represents the combined activity of companies, central banks, traders, and other entities.

[06:01] In 2022, the daily trading volume was between $5.5 and $ 10 trillion. Today, I estimate it has 10 trillion. Today, I estimate it has reached $10 trillion daily. The Forex market is significantly larger than the US stock market, which typically sees

[06:19] Forex market is approximately $10 trillion. Do you know what a trillion is? It's 11 zeros followed by 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11. The most

[06:32] dominant currency in the Forex market is the US dollar, accounting for 89% of all transactions. It will be with the dollar, what does that mean? For

[06:46] with the dollar, what does that mean? For example, it could be Euros against Dollars, or example, it could be Euros against Dollars, or XI USD. The symbol for gold is the

[07:03] 89% of transactions in the Forex market of transactions in the Forex market involve the Dollar, which is the strongest currency. So, what involve the Dollar, which is the strongest currency. So, what are the Forex trading centers in the world? They are

[07:17] are the Forex trading centers in the world? They are Hong Kong, Singapore, New York, and London. London is the largest market, or the largest trading center in the Forex market.

[07:29] is the largest market, or the largest trading center in the Forex market. 38% of the total funds come from the London market. These are rotating markets or alternating sessions. Let's call it the Forex market. Why is it open 24 hours a day?

[07:44] Because it opens in one place and closes in another. Let me show you this image. See this [music]. It's open 24 hours a day, from Monday to Friday,

[07:56] due to the time difference between major countries. See how it opens? See how it opens? For example, it closes in Sydney, opens in Tokyo, closes in For example, it closes in Sydney, opens in Tokyo, closes in London, opens in New York, and Sydney starts at

[08:10] London, opens in New York, and Sydney starts at 10 PM. From 7 AM to 9 AM in Tokyo, from 12 AM to 9 AM in London,

[08:25] from 8 AM to 5 PM in New York, and from noon to 10 PM. So, what's the strongest trading market in your opinion, or the most anticipated time for traders? The most anticipated time for traders is the intersection of London and New York. See, that's between the hours... London opens at 8 AM to 5 PM, and

[08:42] London opens at 8 AM to 5 PM, and New York opens at New York opens at 12 PM to 10 PM. So, 12 PM to 10 PM. So, between 12 PM and 5

[08:59] between 12 PM and 5 PM, these PM, these four hours are the strongest times to trade in the Forex market because they overlap with the two strongest sessions, London and

[09:13] New York. All this information is a foundation for you to understand the Forex market correctly and know where you stand and what you're doing. So, the Forex market was,

[09:25] or is, originally just trading currency pairs? It means [music] they trade currencies, money, just currency for currency. But then platforms like MT5 came along, we'll talk about that later. It's a platform on mobile or computer. This platform

[09:48] everything you can imagine. Look, first of all, currency pairs, oil, gas, gold, oil, gas, gold, company stocks like Apple, Tesla, Microsoft, Facebook,

[10:02] McDonald's, KFC [music], any company whose stock you can trade through these platforms. Indices like the NASDAQ, other metals besides NASDAQ, other metals besides gold like silver, platinum, and cryptocurrencies like

[10:18] Bitcoin and Ethereum. You've probably heard of them all. So now you can heard of them all. So now you can trade everything in the Forex market through these platforms, not just trade everything in the Forex market through these platforms, not just currencies. We're entering a

[10:31] market where we can trade everything we've mentioned. You see this image, I'll show it to you. I want you to take a screenshot of it and read it calmly, then screenshot of it and read it calmly, then memorize it and look at the symbols. Why is this image

[10:46] important? First, take a screenshot. Before we start drawing currency pairs, this is how they appear [music] in the Forex market. EUR/USD, this is its symbol. It's the Euro against the Dollar. Okay, it

[11:00] 's the Japanese Yen against the Dollar [music]. Below it is the Swiss Franc against the Dollar. Below that is the Australian Dollar against the US Dollar. The US Dollar against the Canadian Dollar.

[11:12] US Dollar. The US Dollar against the Canadian Dollar. Dollar. Pay attention to something else. Let's write this here. Always, the first thing that comes up is the main currency, the French one, meaning the

[11:27] base currency. After that comes the currency whose After that comes the currency whose price we are measuring against the base currency. So when you say EUR/USD, it means the

[11:45] price of the Dollar relative to the Euro, for example, 1 x 10 cents. Let's say the price of the Dollar against the Euro is 1.10 x 10 cents. So you need to put 1 USD and 10 cents to get

[11:57] 1.10 x 10 cents. So you need to put 1 USD and 10 cents to get 1 Euro. So the first is always the base currency and the second is the secondary currency, the currency we the second is the secondary currency, the currency we are measuring for you. For example, XI EUR/

[12:11] USD is the price of the Dollar is the price of the Dollar relative to Gold. Let's say it equals, for example, 3806, for example,

[12:23] relative to Gold. Let's say it equals, for example, 3806, for example, seven. Let's say Okay, 3867 is the seven. Let's say Okay, 3867 is the price of an ounce of gold. You need to put in dollars to get the price of an ounce of gold. For example, USD/

[12:41] For example, USD/ CHF is measuring the price of the Swiss franc CHF is measuring the price of the Swiss franc against the dollar. Let's say the price of this pair is against the dollar. Let's say the price of this pair is

[12:58] 0.79, meaning 0.79. 79 Swiss francs equals 1 dollar, meaning the franc is more expensive than the dollar. So, the base currency and the quote currency are always the value of the quote currency relative to the base

[13:10] currency. These are the symbols. I want you to memorize the image you took as it is; it will stay with to memorize the image you took as it is; it will stay with you as long as you are trading Forex. In this video, I just want you to know what trading means, what Forex is, what currency pairs are, and

[13:24] what the mechanism is inside the Forex market, which is [music]. Let's imagine it as a place— Forex market, which is [music]. Let's imagine it as a place— this is a quick summary—a place where there are people, companies, [music] banks, who put their money, approximately 10 trillion dollars daily. They buy and

[13:39] 10 trillion dollars daily. They buy and sell, and they profit from the commission difference. There is [music] in this market, and it is the trading process. This is the Forex market, the times when the Forex market opens, the Forex market sessions, when the market is most active, and

[13:52] market is most active, and what are the symbols and currency pairs that what are the symbols and currency pairs that you should know at the beginning of your Forex education. I hope you have benefited from this video and understood all the information I told you. In

[14:05] the next video, we will talk about how the price moves, what factors make the price move within the Forex market, what a chart is, and we will talk about many other things. If you benefited from this video, leave a many other things. If you benefited from this video, leave a nice comment and I will read all your comments.

[14:19] nice comment and I will read all your comments. I wish you the best of luck. peace.