Just met someone asking about how to start trading forex, so I remembered that I used to be confused about this too. The forex market is really this big. The average daily trading volume exceeds 7.5 trillion dollars. Moreover, you can trade almost 24/5, which makes it much more convenient than the stock market.



For beginners who want to start trading forex, there are many methods, but most people choose between three main ways: buying and selling real currencies on the spot market, trading futures contracts, or CFDs. If it were me, I would choose CFDs because they require less capital and offer more flexibility.

The first currency pair most people choose is EUR/USD. It has high liquidity and moderate volatility. USD/JPY is also good, but you need to be cautious of the Bank of Japan's policies. GBP/USD tends to be quite volatile, so some experience is needed.

The forex trading method I use is to select a currency pair, check the price and chart, place buy or sell orders, set a Stop Loss to control risk, and then wait to close the position. The key is to have a plan and not trade too often. Also, be careful with leverage; it can increase profits but also amplifies risk. The currency volatility is quite high right now, especially during economic announcements or central bank meetings.
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