Why it’s important to understand key trading termsAlmost 1.8 million Brits became day traders for the first time during the pandemic. It’s important to understand topics such as pip pricing, as well as trading strategies and how the broader market works. The forex market is heavily driven by the macroeconomic performance of individual countries and investor confidence, which can shift in unexpected ways from one hour to the next. Success in forex trading requires long-term commitment too, as well as the mental strength to cope with bad results. Still, while forex trading isn’t for everyone, its popularity shows there is success to be had.