KNOWLEDGE · FOREX BASICS

What is Forex?
Trading Fundamentals

World's largest financial market · $7.5 Trillion daily · Open 24 hours × 5 days — Learn Currency Pairs, Leverage, Pip, Lot Size and all the fundamentals you need before trading.

Leverage 1:1000
24/5 Market
From $5
🇪🇺 🇺🇸 EUR/USD
LIVE
1.0850 ▲ +0.32%
High1.0875
Low1.0805
Spread0.6 pip
Tight Spread
24/5 Market
Forex 101

What is Forex?

Forex (Foreign Exchange) is the largest financial market in the world — daily trading volume exceeds $7.5 trillion. The market is open 24 hours a day, 5 days a week (Monday-Friday) across major sessions: Sydney → Tokyo → London → New York.

Power of Price is an Introducing Broker (IB) of XM in Thailand — open accounts free + LINE VIP daily analysis room + comprehensive Forex education from beginner to advanced level.

$7.5T
Daily Volume
24/5
Market Hours
1:1000
Max Leverage
$5+
Min Deposit

Popular Currency Pairs

🌟 Major Pairs

EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD — High volume, low spread, beginner-friendly.

📊 Cross Pairs

EUR/GBP, EUR/JPY, GBP/JPY, AUD/JPY, EUR/AUD — No USD in the pair, requires more technical analysis.

🔥 Exotic Pairs

USD/THB, USD/TRY, USD/MXN, EUR/PLN — Wide spread, high volatility, advanced traders only.

Start Learning Forex with Power of Price

1. Forex Basics

Start from zero — Currency Pair, Pip, Lot, Session

Learn Forex Basics →

2. Market Structure

Analyze market structure — HH HL LH LL

Learn Market Structure →

3. Price Action

Read price behavior from candlesticks

Learn Price Action →

4. Order Flow

Analyze Volume + Footprint Chart

Learn Order Flow →

5. Supply & Demand

Find demand/supply zones for reversals

Learn S&D →

6. Risk Management

Manage risk per trade properly

Learn Risk →
Beginner Guide

Start Trading Forex in 4 Steps

A beginner's guide to start trading Forex — from opening account to placing Buy/Sell orders.

1️⃣ Open XM Account (Free)

Open XM account through Power of Price (IB). Use ID card + address verification. Min deposit $5+.

→ XM Account Guide

2️⃣ Download MT4 / MT5

Download MT4/MT5 for free — Choose pair: EUR/USD, GBP/USD, USD/JPY, AUD/USD

3️⃣ Place Buy / Sell Order

Open EURUSD chart → "New Order" → Choose Buy (expecting EUR up vs USD) or Sell (expecting EUR down) → Set Lot.

4️⃣ Set SL + TP

SL limits loss + TP locks profit — Risk 1-2%/trade max!

→ Risk Management

Buy vs Sell & Order Types — Forex Basics

Fundamental knowledge every Forex beginner must understand before trading live.

Buy (Long) vs Sell (Short)

📈 Buy (Long)

Use when: You expect Base currency to strengthen against Quote

Example: Buy EUR/USD at 1.0500 → price rises to 1.0600 → profit 100 pips ($1,000 at 1 lot)

📉 Sell (Short)

Use when: You expect Base currency to weaken against Quote

Example: Sell EUR/USD at 1.0600 → price drops to 1.0500 → profit 100 pips ($1,000 at 1 lot)

Market Order vs Pending Order

⚡ Market Order

Buy/Sell at current market price immediately

⏳ Pending Order

Set order to wait for price: Limit/Stop, works for both Buy & Sell

💡 Beginner Tip: Practice on Demo Account at XM (virtual $10,000) — Practice Buy/Sell EUR/USD until comfortable, understand Pip + Lot Size + Margin before going live.

Frequently Asked Questions - Forex Trading

Forex (Foreign Exchange) is the international currency exchange market — the largest financial market in the world with over $7.5 trillion daily volume. Trades happen in currency pairs like EUR/USD, GBP/USD. Market open 24 hours (Mon-Fri).

At XM you can start with just $5, but we recommend $100-500+ to manage risk and position size properly. Power of Price (IB) helps you choose the right account type and starting capital for your situation.

Leverage allows you to control a large position with small capital. Leverage 1:100 = $100 capital controls $10,000 position. XM offers up to 1:1000 — use with proper Risk Management.

1) Free LINE VIP daily analysis room 2) IB Rebate cashback on spread 3) Comprehensive trading courses 4) SPDR + COT data 5) Thai-speaking support team — Same spread as direct, no extra cost.

Major Pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD — High volume, low spread, more predictable. Avoid Exotics like USD/THB, USD/TRY which have wide spreads.

Start Trading Forex with Power of Price

Open XM account free + LINE VIP room + comprehensive Forex education courses

  Open XM Account   Join LINE VIP

⚠️ Forex trading involves risk. Investors should study the information thoroughly before making decisions.