What is Forex trading? In simple words, Forex trading is the simple practice of exchanging one currency for another. If you have ever been on a trip abroad and had to swap your Dollars (USD) for Euro (EUR) Or exchange your British Pounds (GBP) for Australian Dollars (AUD). Then You’ve already had your first experience as a Forex trader, although likely, you didn’t make any money in this trade. Who trades Forex? There are 3 types of organisational trader trade in this market. 1. central banks 2. corporate houses 3. Retail traders or investors. Central banks : Central banks must try to regulate and control the price fluctuations of their currency. The central bank’s decision-making, such as its interest rate policies, can bring huge price swings and fluctuations in the market. Their main aim is to stabilize inflation and stimulate their economy via the Forex markets and their currency's market value. Corporate houses: Corporations are also h...