greetings ladies and gentlemen this is it let's get things into gear Forex we're here to learn about Forex but Forex is short for foreign exchange that's short for foreign exchange and it's done online it's traded for it it's traded online okay before we get into things let's start
with our basic the basic definition of what the training is trading is simply the buying and selling of goods or the exchanging of one code for another you might have not noticed but then you'd read when I did pieces let's see you buy bread let's say you buy
bread keep out try running this trade let's say you buy bread at $2 dollars what you doing is you actually trading in $2 for bread you're taking two dollars for plate so this will be what you call that hey this will be what we call Pepe so it
will be red against $2 we have a product against price this will give rise to what please follow me that's very important to follow me if you are busy then you can replay the video when you're free I need you to be with me on this one don't
want to lose anyone like this information is a crucial part of your trading career online trading can be a pharmacy so these beginner lessons are what you have to grasp in order to understand the concepts on Truphone so I hope so far we're all together that's a product
against price so you might have noticed that in this case they have given you a price for your product which some in some way as a quotation I hope we know what the quotation is they give you a quotation for your product the coat will product so this
means that we'll have something called the base and that's just like they braid and the two dollars they are giving you a price for the piece a coat the coat is a price for the base it's this price that's the price they are willing to give you further
for the base coat so in in a pair will have a base and also have a good we're together we have a base in the crew it could tells you the price of the base coat is base price so our be repeating some things so that we get
clarity coat is the place for in our base just like a co-teaching when you ask for the price of clothes car property they give you could go that and they give you could he tell you key this house is for seen at this price so let's see you're
going to buy a house let's say you're going to buy a house let's see this is your house going to buy a house they will give you a price the moment they give you a price we add a slash there let's just see you'll see this house that's
a million 1 million honest so they have actually quitted the house is hippies and this price is a quote for your house meaning that's coaching the base okay then we're done with that let's go back to Forex remember trading is trading is the buying and selling of things
you buy all yourself by yourself but in simple terms buy or sell you exchange and note one thing when trading when you buy something you automate can sell the other thing let's go back to operate what to do not burn it this is all hypothetical so don't say
how can break be two dollars so when you buy this bread you're actually saying when you buy this you are actually seeing cashier or shopkeeper that's just you shop keep so when you buy this bread because this automatically whether you like it or not its effect when you
are buying the beach then you are singing the code that's training so let's see right now the tables have turned you are now the shopkeeper what will be happening from your side is that you will be selling the bread to your customer and by their money I hope
it makes sense so far you will be selling the plate to your customer you are selling the base that means you're automatically by in the coop remember when you sell one you traumatically by the other when you buy one you automatically on the other so this is trading
this was general trading we have online trading trading we have online trading that was physical training now we have on line three have C of these equities options commodities indices there are lots of things which can be traded online people trade cold oil cap and trade coffee people
trade stocks that there are there many things that many things then there's what we do with Forex Forex these things are all different they they can be traded in the same way because it's all online we have Forex this is what will be stick into Forex the meantime
we won't be dealing with the others you know be dealing with Forex Forex so I hope you got that concept of training in everyday life so in forex we trade currency place trade currency place trade currency place let's go through the term a currency currency is the home
of money used in a specific country origin because there are some regions like in the European Union it's different countries using the same currency so a currency as I said will be the form of money used in will be the form of money used in a particular country
or a G so for access into any currency we stick to currencies we don't add commodities or in this or whatsoever which can be traded on my note that there are many domains that can be traded on my domestic to forex focus our focus is on Forex our
focuses mainly on forex so Forex foreign exchange its currency trading we exchange currencies in trade currencies it means that you buy and I want you to see the link picture online trading and physically it means you buy and sell so we have different currencies but then I'll highlight
the ones which are usually treated the US it's a currency used in the United State we have see do care it's the Canadian dollar it's used in Canada it's used in the European it's used by countries in the European Union jiminy friends you can search about the currencies
in there the countries or countries in the European Union we have the Great British Pound that's used by the United Kingdom you keep will you also have the sea chef chef Swiss franc AUD is the Australian dollar it's used in Australia we have NZT stay in New Zealand
oh no it's used in New Zealand oh and also a gypsy one almost forgot that she provides the Japanese yen it's used in Japan so all these are currencies usd/cad your JPY GP chef AUD and the D they all currencies so we are trading right we are trading
meaning we are exchanging currencies its foreign exchange we did what exchanging of currencies we do exchanging of currencies buying and selling of currencies this would mean like the personal you will have a pay and remember that a pair consists of a base in the code so in this
case you'd have what we call a currency pair premise true so currency pair means two currencies pegged against each other so remember that for a currency currency resembles a country origins yeah economic I can say yeah yeah chose economic state it resembles its economy because currency is financed
economies financed so they go hand in glove so USG sort of shoe the economy for the United States et for Canada euro for the European Union GUI for Japan GBP for United Kingdom CHF for the Swiss AUD for Tania and City for New Zealand to hope West all
together back to Forex we saw it saw the currencies back to forex this means we will have what we call currency pair as I mentioned before so the currency pairs let's just pick a famous example have the games tell us t this is just like this is just
like the bread and money situation this will be your base currency this will be your coat currency simply shows the price of this one the coach who is the price of peace choose how much you is the you will get pay you through so much misty you will
get people so let's go back to remember we did a price deal with price right now because everything has to have a price deal with price so this currency pair since it has this and the code it means when you sell when you're someone you'll be automatically buying
the other when you're buy one you automatically sell that album when you buy this one ultimately sell this one and when you sell this one you automatically buy this one so there will be many factors which will lead you to either in one or see the other or
selling one and buying the yeah fundamental factors and also technical factors fundamentals are usually news releases or news event of that particular currencies country or region which will affect its stability which will affect its strength or weakness those are fundamentals then technicals is simply our trade is because
we have a market assembly I'll trade us creating that currency based on various strategies or truths which they use to play that currency I hope we are still together so what will happen now is that this B controls I need you to follow me this base controls our
fitness the piece controls the whole movement of this currency P we are still going to do 20 mark on zucchini now I just want you to get the textbook concept of how these things come about so that you can understand when you are finally on the Metatrader platform
I was saying the pace controls the whole movement meaning that a weak base weak base will lead and a basis weak and a base is weak this means it will go down we sell for with peace we sell this means that the entire currency pair will go down
and the base might be with on its own or it might be weakened by the fact that the code is strong my friend that the code that particular moment in time is strong which automatically weakens the base all the piece might just be weak even though the code
is also weak the base might be weaker than the code so what will happen of the weak bases that the entire pay the entire currency pair we'll go down this if you can remember I said the base influences the whole currency pair what happens to the base will
happen to the whole currency pair what happens to the base will happen to the entire currency pair so a weak base currency pair for me a strong base we have the opposite effect strong base lead through the entire currency it might also be because of a weak code
or just simply the base the strong you'll get this as time goes on because that piece can be strong on its own if it has fundamentals on new services it can just be strong although the code is also strong the base happened to be stronger than the code
therefore it will rise to go up so we have price this brings our surprise this brings us to price you have price this whole thing since we're speaking about the code that means they'll be price there'll be a price for this into a currency pair you might wonder
that the price is one and you might as ask yourself why five digits after the decimal place the decimal point that's what we will be doing next there's the price then we've also been dealing with the beaten ask because when you could go on to a broker you
might find that one six seven nine you might find that two prices for a single currency pay so this is what we'll be dealing with in the next video you can post your questions where you don't understand and the things that you might think I have missed but
then they have to be related to the topic we were dealing with in this video you will ask questions based on things which are relevant to the topic even though they were not on the video maybe you found it somewhere then you need clarity you are welcome to
ask but let it be relevant
