Forex Trading Basics Knowledge

Hey, guys! It’s Shoaib here and in this Knowledgebase Article, I will give you some basics concepts about Forex Trading. Actually, the Forex Word become from Foreign Exchange, That means whenever you buy or sell any foreign currency that means you are doing foreign currency exchange this is called Forex. Doesn’t matter you are doing online or offline. Below is a playlist of forex basics knowledge, which will be helpful for you!

Who can Become a Forex Trader?

It’s really a great question, ‘Who can Trade Forex?‘ as we know there are lots of websites, but no one can give you the exact answer. There are lots of articles on ‘who can do forex trading’, but they can’t give you the correct answer because they have to avoid their greediness to earn more money by getting a lot more referrals. They will not clear you about forex losses because they need users like you.


But don’t worry, will clear you everything, and never hide anything to you related to forex. If you want to join Forex, You must have to set your mind that you not only can get profit, there is another part of the game which is called ‘loss’. So, if you don’t focus on your forex training, so we are really sorry to say, you can never become a successful trader.

You must have these Characteristics:

  • You should understand a little bit English
  • You must know, how to operate a Computer or Laptop
  • You must have a Computer/Laptop and a normal internet speed connection
  • You must keep control on your Temper and Emotions
  • You must have a patient
  • You must Learn Forex and Trade with Real Money

After watching the above playlist, we hope you got some basics knowledge of Forex Trading. But if still, you have any questions, just contact us, and our team will be ready to help you!

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  1. Being a Muslim I wanna know that is it halal ??like is there is any element of interest (sood) here ??

    1. Hello Maimoona,

      There are two types of account in Forex:
      1) Swap Account
      2) Swap free (Islamic) Account

      If you open a Swap free account, then there will be no swap charge during your trades. The more explanation for this topic, you’ll find it in our next video. Kindly subscribe the channel by clicking the link below.

      Subscribe now:

      Thank you!

  2. Muhammad Owais

    I want to know if Forex is legal in Pakistan or not? Because a lot of people are saying that it is illegal while being in Pakistan!

    1. Hello Owais,
      Yes of course, Forex trading is allowed in Pakistan that is why Pakistan have PMEX
      Thank you!

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