Forex trading, or foreign exchange trading, involves buying, selling, and exchanging currencies in the foreign exchange market.

The forex market is the largest and most liquid financial market in the world.

Leverage refers to the ratio of capital to debt in a trade, allowing traders to control larger positions with smaller amounts of capital.

The EUR/USD currency pair represents the Euro and the US Dollar.

A “long” position means buying a currency pair with the expectation that its value will increase.

Prices in the forex market are driven by multiple factors, including economic indicators, geopolitical events, central bank policies, and market sentiment.

Forex trading is legal in most countries, but it's important to use a regulated broker to ensure compliance with local laws.