The foreign exchange market, also known as the FX or Forex market, is the largest and most traded financial market in the world. Learn to trade it!
Exotic currencies are not traded as often as the majors or minors, so often the cost of trading themcan be higher due to the lack of liquidity in these markets. This does NOT make them any les exotic..
Forex is the abreviation of foreign exchange – the exchange of one currency for another – boasting an average daily trading amount of more than $5 trillion.
Pips are the smallest unit in Forex trading – they’re worth a hundredth of a cent. That’s why leverage is important; but it’s also why forex is relatively immovable.
Lots, leverage and margin – don’t go anywhere near the trading world before you fully udnerstand these three concepts.
The forex market is open 24 hours a day, 5 days a week, but the best time to trade will depend a lot on your trading strategy and lifestyle.
The main principle to understand when you trade forex is the same as any other investment: buy low, sell high. There is more to it than that though, as our guide to how forex works will explain.
A strong strategy is a commitment to success. It is important that you choose a forex trading strategy that fits in with your trading and lifestyle
Technical traders read financial charts. They believe that the fundamentals are represented by the market’s reactions, and they prefer to look at the raw data rather than its perceived motivating forces.
Foreign Exchange trading consists of buying and selling currencies in order to profit from the evolution of their relative values.