Okay, I always thought FOREX was this crazy stressful thing with too many charts and numbers. But the more I learn, the more I realize it’s actually about simple building blocks.
Today’s discovery 👉 pips. Basically, a pip is the smallest price change in a currency pair (like EUR/USD moving from 1.1000 to 1.1001 = 1 pip). Sounds tiny, but when you trade bigger lots, these little moves add up fast.
I also just learned that currency pairs come in 3 groups:
Major pairs: always include USD (like EUR/USD, GBP/USD).
Cross pairs: no USD (like EUR/JPY).
Exotics: a major + a currency from a smaller economy (like USD/TRY).
Breaking it down like this makes it way less intimidating. Right now, I’m just practicing on demo mode, trying to spot how pairs move during different times of the day . Fun fact: London & New York sessions usually have the most action.
Not gonna lie, it feels kinda satisfying to finally understand what’s going on instead of just staring at candles on a chart 😂.
Next on my list: leverage & risk management (’cause everyone says beginners blow accounts if they ignore those 😅). Step by step, keeping it chill, no pressure.
HamidAli
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