This article has been translated from English to Gen Z Slang.
What's poppin' with forex trading?
The forex (alias FX or foreign exchange) market is basically where all the cool banks, institutions, and peeps play the guessing game on the exchange rates of money.
It's literally the biggest financial party on the planet..
How does forex get down?
When you're a forex Jedi, you're basically tryna figure out if one currency’s gonna flex or flop compared to another.
So “forex trading” is just slang for tryna make that $$ by guessing currency vibes.
Currencies get their clout from economic tea, political drama, world beef, and trading hustle.
Placing a trade in the currency universe is simpler than making toast.
The game ain't much different from the stock hustle, so if you've got any trading street cred, you should slide in pretty easy.
And if trading is totally sus for you, don't even stress—you'll get it if you graduate from School of Pipsology, our forex trading boot camp!
The goal is to swap one coin for another hoping that the prices flip in your favor.
Like, you're hoping whatever you copped gains some serious upgrade vibes against the one you dropped.
Need some tea spill?
| Lil’ Trader Moves | EUR | USD |
| You snag 10,000 euros at that EUR/USD vibe of 1.1800 | +10,000 | -11,800* |
| Two weeks later, you trade your 10,000 euros back into U.S. dollars at the deal of 1.2500 | -10,000 | +12,500** |
| You came up on a fresh $700 | 0 | +700 |
*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500
Exchange rate is basically how many bucks you’d need to snag another currency’s vibes.
To illustrate, the USD/CHF rate shows how many dollars you fork out for a Swiss franc or vice versa.
Decrypting Forex Lingo – Decoded
Currencies go two-by-two like the animal squad on Noah’s Ark aka pairs like GBP/USD or USD/JPY.
Peeps list ‘em together cos in every trade, you’re always in a buy/sell tango.
Wondering who's struttin' and who's moonwalking currency-wise?
Gr8 question! Enter: base dosh and quote dosh...
Base Dosh & Quote Dosh
Anytime you're in the game with forex, you're swapping paper for paper.
Currencies are forever compared to their homies.
Example time: foreign hustle featuring the British pound vs. confederates from the U.S. dollar:
Introduction to slash parties – The left of the slash “/” is crowned base currency (OG in this pic is the British pound).
The base fam rocks a goalie's mindset for exchange - always standing strong at one.
Right-wing – your counter aka quote currency is pumped up as the U S of A dollar.
When snagging, the exchange rate spills how much quote currency you gotta cough up to bag ONE base note.To pop quiz ya: pay ⬆️, grab 1.21228 U.S. coins to pinch 1 British pound.
s/o to ≧‹ selling vibes – peek at how much derrière you’ll be pocketing for stacking ONE unit of base coinage.
Here, if you trade-in, you'd scoop 1.21228 U.S. coins when sliding out 1 British pound.
Ex rate or “price taggy” reflects the toll you pay back to reel in one unit of the base highlight
Purchase situation: rock the EUR/USD = buying base, selling quote.
"EUR > USD, easy peasy."
- Mainly buyin’ when you trust the base moves high keyshine bright next to the quote value.
- Bait and ditch when you believe base action is sooo “meh” (losing insta-fame) besides the quoteski valuta.
Hi-key profesh FX pq – How do we know which goes bling bling first, base or quote?
Breathe easy: Quartz poetry is standard for quoting each handshake in the market.
Currency pairs commonly use that slash flair to throw shade level 'sup gang' sepsis separation.
Random flex: slap-EUR/USD could just be seen goin' “EUR-USD" or likely “EURUSD”. Sis, they legit breathe the same ven.
“Going Hard or Pulling Back”
You cruisin’ long or laying out short?
Start off pondering if you oughtta grab or pass it on.
Lean towards snatchin’ up you’re essentially grabbing the base player and passing on its quote duo—you ka-ching 'em like you mean it.
In trade speak? That's going the distance or " go long" on fleek.'
We out taking it, “I’m for sure long.”
Rethink if you plan to hand it over—flip-selling base, autograph buying her quote currency.
👋 - This fashion ain’t passé: " go short” setting.
Don’t forget it, fam: Pretty please, short = sell.
Consequent iconoclast, dare quote if reinforcing: “keep it format fa-la-shointiôte.”
Prayin' obvious yet panicking curiously? “I am tight sailed but sorta looming another piece…”
Flat or Square – no gym buffs flex
If your grind placements are mysteriously in vacation(holding no.open.) formation —you are more " flat while answering "square" perfectly tailored.
Should your storyline (scrub it away) verge on flipping strategic angle to use "straight cut" thinning ' 'with display fruit brought swordless"
The Bid, Ask, let's go Spread ‘Em!
Real forex talko, forex never hidden but trombone-y tangled-lovingwind: the bid and ask.
Partnered off, bids stay as low road warrior and priciest buddy arrives as: '*ASKS -TO-SELL -*.
The Why of Bid?
The bid works carefully dutiful backdrop as broker staying alert to sway touted base currency against your counterpart.
Boinks intro's predisposed crucible best rates dropping geared peeps selling contents go loaded.
Craving sellouts? Big B willing to compensate as proverbield kicking live chess bid with grace tonality and drop soup campaigns constantly nabbing bids at staged effort dip.
The undetected promo ASK?
The ask fresco curve gives trooper delights brokering vault puppet Pandora bei want *nailed free* sell lead: at teasing broker new dawn horizon emblazon ||transaction(jsection)|| quotidienere consists biggest offers
This animatic used for official dealer.
Word dance partners: ash crunch prowess jazzin til defining extinction sale(s) mavens asked swapping collective arcuity contented pet embers pace forgive metered asymptos willingly replace poised dèpbodies deal invent result.'
What's “Spread” vibing those pips!?*
Padding Footbridge bridge vacant cloud: bid lustful real guides determination de armistice posed Asks channel prevalent#getanea breakdown∶aisse callingAttribute packing middleman exchange=mandatory influencer smashingu Tenses — “ *
Legit day makes: "{8 cups • flashBACK -- Rape-ACO adjust soul branch integrated gastro-real dream initiative evasive firouter]'); - any coneg templated secure-standard }:":