Before you choose the best trading academy in India, you need to understand the basics. Forex stands for foreign exchange, which means exchanging 1 country’s currency for another. For example, buying U.S. dollars and selling Indian rupees or trading EUR against U.S. dollars. Currencies keep changing prices. The price change happened because of interest rate inflation and economic news, or even political events. When you trade forex, you try to make money from these basic price movements. If you buy a currency at a low price and sell it at a higher price, you make a profit. If the price goes down, you even make a loss. Everything happens online through a trading platform.