About this episode:An introduction to the basics of Forex Trading. In order to start understanding how Forex trading works, this video will explain to you the most important terms that you have to familiarize yourselves with and will use on a daily basis when trading Forex. What is a Short position and how is it opposed to a Long one? Which Currency Pairs exist and why do their Rates fluctuate in a volatile way? Terms that seem meaningless to a novice, such as Lots, Pips and Leverage are explained in detail before they become indispensable to your everyday vocabulary.