Introduction to the Forex Market
FX or Forex is an acronym, and it stands for Foreign exchange. The FX market is a market where you can trade or, if you prefer, exchange currencies. It is an over-the-counter market or OTC for short featuring a decentralised market with no actual physical central exchange. Hence why is it commonly referred to as […]
What are CFDs?
In our last lesson we discussed the evolution of the FX market in recent years and how it has reached Retail FX trading. Retail FX trading is a small segment of the overall foreign exchange market. Individuals do not actually buy or sell currencies. You don’t need to have yens in your pocket to buy […]
The Evolution of the Forex Market
In the current lesson we will be discussing a bit about how the FX market evolved in recent years. Before 1996, the only groups that were able to trade forex were large financial institutions, central banks, corporations, governments hedge funds and extremely wealthy individuals. It was very difficult to take part in the forex market […]
Currency Pairs Categories
In our previous lesson we discussed the basics of trading currency pairs, today we’ll see their categorisation. Currency pairs are split into three main categories, majors, minors and exotics. The major currency pairs have the US dollar on the one side, either left or right, as the US Dollar is considered as the world’s reserve […]
How to Trade Forex – The Basics
In our previous video we discussed the dual nature of money and FX pairs Trading forex refers to buying a currency (and at the same time selling another) with the idea that the currency I bought will rise in value, or the currency I sold will go down. Note that each currency pair has two […]
Money’s Dual Nature and Exchange Rates
We all know money, but how do we actually define it. In the passing of time money took different forms. It’s characteristic that among a number of items used were also stones as well as metals including but not only, gold and silver in various forms and sizes, while today some even characterize cryptocurrencies as […]
Currencies and Currency Pairs
There are hundreds of currencies out there, but only a few are considered to be the “Majors”. The Majors are currencies that have a high trading volume and belong to the biggest economies of the world such as the US Dollar, the Euro, the British Pound in the United Kingdom and the Japanese Yen. These […]
Key Players in the Forex Market
So, who actually participates in the FX market and is able to create such a huge daily turnover volume? Primarily the so called “Big” players are Governments and central banks. They have bigger and deeper pockets than any institution or individual on the planet as such they could also be considered as market makers where […]
