You’ve probably heard the term forex trading somewhere — maybe on social media, in finance blogs, or from that one friend who’s always talking about pips and charts. But what is forex?
Spoiler: it’s not a get-rich-quick scheme. It’s a financial market — and one of the largest in the world — where currencies are traded 24 hours a day, five days a week. Understanding what forex trading is, its origins, and how to approach it responsibly is crucial if you want to get involved.
So let’s break it down.
What Exactly Is Forex Trading?
Forex stands for foreign exchange — the process of buying one currency while selling another. Currencies are traded in pairs, such as EUR/USD or GBP/JPY, and traders speculate on how the price of one currency will move relative to the other.
Let’s say you believe the euro will go up against the US dollar. You would buy EUR/USD. If the price rises, you earn the difference in pips (the smallest unit of movement). If it drops, you take a loss. These small movements are where traders aim to make consistent profits.
A Brief History of Forex
Forex trading as we know it today didn’t always exist. After World War II, global currencies were pegged to the US dollar under the Bretton Woods Agreement. That system collapsed in the early 1970s, leading to the creation of a floating exchange rate system. Suddenly, currencies could rise and fall in value based on supply and demand.
The modern foreign exchange (forex) market began to grow in the 1980s and 1990s, driven by the advancement of computer technology. However, it was only in the 2000s, with the rise of internet brokers and platforms like MetaTrader 4 (MT4), that retail traders — everyday people — gained access to this massive market.
Now, thanks to CFD brokers, traders can speculate on price movements without owning the actual currencies.
Robo Forex: Company Overview
If you’re considering forex trading, your choice of broker is crucial. One of the most respected names in the industry is RoboForex.
Founded in 2009, Robo Forex is an international CFD broker regulated by the International Financial Services Commission (IFSC) of Belize under license number 000138/333. The company offers access to multiple platforms, including MT4, MT5, cTrader, and its mobile terminal.
You can learn more about their services here:
Robo forex broker profile
What makes Robo Forex stand out? A few key things:
-
Tight spreads on major pairs
-
Trading signals integrated directly into the platform
-
Access to CopyFX, a system that allows beginners to copy trades from professionals
-
A forex bonus when you register — a helpful margin boost for new traders
Etoro vs Robo Forex: Two Different Approaches
Let’s compare RoboForex with another well-known name: eToro.
Etoro is sleek, social, and easy to use. You can copy other traders with a click. But the platform doesn’t offer MT4 or advanced analytics tools, and spreads tend to be wider. It’s more of a casual trading experience.
RoboForex, in contrast, is built for traders who want a more comprehensive toolbox. It supports MT4, offers both fixed and floating spread accounts, provides automated and manual signal systems, and has more flexible copy trading with CopyFX.
So if you’re serious about learning and growing in the forex market, Robo forex gives you more depth and control — without sacrificing ease of use.
Here’s a Solid Video That Breaks It All Down:
https://www.youtube.com/watch?v=y6h8k-QAowU&t=15s&pp=ygUJcm9ib2ZvcmV4
What Moves Currency Prices?
Currency values are influenced by global economic events — interest rate decisions, inflation reports, unemployment data, political stability, and central bank actions. When a country’s economy strengthens, its currency typically rises in value. When it weakens, the currency often drops.
That’s why traders watch economic calendars, central bank meetings, and GDP releases. Having access to real-time trading signals and news (like the ones built into Robo Forex’s platform) can make a huge difference — especially for beginners.
What Are Pips, Spread, and Leverage?
-
Pips: The slightest price movement in a currency pair. For most pairs, one pip = 0.0001.
-
Spread: The difference between the buying and selling price. Lower spread = cheaper to trade.
-
Leverage: This allows you to control a larger position with a small amount of capital. For example, with 1:100 leverage, a $100 deposit lets you control $10,000 in trades. High leverage increases both potential profits and risk.
Robo forex offers competitive spreads — which is key for traders working with tight margins. Etoro, by comparison, has noticeably higher spreads, which eat into your profit potential over time.
Why People Are Turning to Forex Trading
The forex market is:
-
Always open — 24/5, unlike stocks which follow exchange hours
-
Highly liquid — you can enter and exit trades instantly
-
Accessible — thanks to platforms like RoboForex, you can start with just $10–$50
Additionally, with tools like CopyFX, you don’t have to trade manually immediately. You can watch and follow experienced traders as you learn how everything works. This hands-on learning approach is what makes forex appealing to newcomers.
Getting Started: What You Need
-
A broker like RoboForex that offers a beginner-friendly interface but doesn’t limit you as you grow
-
Access to MT4 or MT5
-
A demo account to test strategies risk-free
-
Education + tools like trading signals and market news
-
The discipline to not chase quick profits
Final Words
So — what is forex trading?
It’s a dynamic, fast-moving market where you can buy and sell currencies, learn how global economics works, and potentially build a steady income stream. But it’s not a shortcut to wealth. Like any skill, it takes time to learn.
If you’re curious, cautious, and ready to explore, start with a broker that supports your growth. RoboForex, founded in 2009 and fully licensed, offers tight spreads, reliable tools, and a bonus to help you get started.
Forex isn’t just about charts and numbers — it’s about understanding how money moves in the world. And once you get it, the game gets a lot more interesting.
