Forex Terminology
The best way to get started on the forex journey is to learn its language. Here are a few terms to get you started: Forex account: A forex account is used to make currency…
How Does the Forex Market Work?
The FX market is the only truly continuous and nonstop trading market in the world. In the past, the forex market was dominated by institutional firms and large banks, which…
Danger Lurks Behind Forex Leverage
Because the Forex market is so liquid, it is also highly leveraged. This means that brokers and banks are prepared to lend up to 100 times the amount of cash…
Forex Market Participants
Besides the banks, which usually trade for large customers, large international corporations have trading desks that trade Forex as a means of hedging their costs of exports and/or imports of…
What is forex?
Forex", also FX, is an abbreviation for Foreign Exchange. Foreign exchange takes place when one country's currency is exchanged for another country's currency. Forex is the largest financial market in…