๐ Lesson 2: How the Forex Market Works Forex is a decentralized global market where currencies are exchanged in pairs. ๐น Currency Pairs Forex trading always involves two currencies. Example: EUR/USD EUR = Base Currency USD = Quote Currency If EUR/USD rises, the Euro is strengthening relative to the US Dollar. ๐น Buying & Selling Traders can study whether one currency may strengthen or weaken against another. Orders are executed through brokers and liquidity providers. ๐น What Moves Forex Prices? ๐ Interest rates ๐ Economic data ๐ฆ Central-bank decisions ๐ฐ Geopolitical events ๐ Market sentiment
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