At its core, Forex trading is the process of buying and selling currency for profit. By speculating on the exchange rate, the trader is trying to buy or sell the currency to make a profit. With Forex, you can get confused by the abundance of charts, constantly changing numbers and incomprehensible alphabetic values. But in fact, having understood the basic concepts, you can quickly understand the essence of what is happening and start making money.
The basic concept on Forex is the rate. It is on these exchange rates that the trader has to first understand.