How to make money trading forex – The Black Business School

June 14, 2022 Pharaoh

Courtney Logan explains the fundamentals of trading forex and how to make money in the forex market after leaving your 9-to-5. Courtney is a guest speaker in The Black Business School, and you can join the live event by logging in at

You can also join the program being delivered by Courtney by visiting According to Investopedia, here’s an explanation of what Forex is:

What is forex?
Forex, short for foreign exchange, refers to the trading of one currency for another. It is also known as FX.

Where is forex traded?
Forex is traded primarily via three venues: spot markets, forwards markets, and futures markets. The spot market is the largest of all three markets because it is the “underlying” asset on which forwards and futures markets are based.

Why do people trade currencies?
Companies and traders use forex for two main reasons: speculation and hedging. The former is used by traders to make money off the rise and fall of currency prices, while the latter is used to lock in prices for manufacturing and sales in overseas markets.

Are forex markets volatile?
Forex markets are among the most liquid markets in the world. Hence, they tend to be less volatile than other markets like real estate. The volatility of a particular currency is a function of multiple factors, such as the politics and economics of its country. Therefore, events like economic instability in the form of a payment default or imbalance in trading relationships with another currency can result in significant volatility.

Are forex markets regulated?
Forex trade regulation depends on the jurisdiction. Countries like the United States have sophisticated infrastructure and markets to conduct forex trades. Hence, forex trades are tightly regulated there by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). However, due to the heavy use of leverage in forex trades, developing countries like India and China have restrictions on the firms and capital to be used in forex trading. Europe is the largest market for forex trades. The Financial Conduct Authority (FCA) is responsible for monitoring and regulating forex trades in the United Kingdom.

Which currencies can I trade in?
Currencies with high liquidity have a ready market and, therefore, exhibit smooth and predictable price action in response to external events. The U.S. dollar is the most traded currency in the world. It features in six of the seven currency pairs with the most liquidity in the markets. Currencies with low liquidity, however, cannot be traded in large lot sizes without significant market movement being associated with the price. Such currencies generally belong to developing countries. When they are paired with the currency of a developed country, an exotic pair is formed. For example, a pairing of the U.S. dollar with India’s rupee (USD/INR) is considered an exotic pair.

How do I get started with forex trading?
The first step to forex trading is to educate yourself about the market’s operations and terminology. Next, you need to develop a trading strategy based on your finances and risk tolerance. Finally, you should open a brokerage account. Today, it is easier than ever to open and fund a forex account online and begin trading currencies.

How to make money trading forex – The Black Business School

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