Category: 1. What is Forex?

So far, you’ve learned what the forex market is, how big it is, the different types of currencies and how they are sold in pairs. But how do you trade forex? Let’s now take a look at how to participate as a trader. How to Trade Forex Because forex is so awesome, traders came up with a number of… Continue reading How do people participate in the forex market?

The bulk of forex trading takes place on what’s called the “interbank market“. Unlike other financial markets like the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), the forex market has neither a physical location nor a central exchange. The forex market is considered an over-the-counter (OTC) market due to the fact that the entire market… Continue reading Forex Market Size And Liquidity

What is forex trading? Forex trading is the simultaneous buying of one currency and selling of another. Currencies are traded through a “forex broker” or “CFD provider” and are traded in pairs. Currencies are quoted in relation to another currency. For example, the euro and the U.S. dollar (EUR/USD) or the British pound and the Japanese yen (GBP/JPY).When you trade in… Continue reading Buying And Selling Currency Pairs

What is traded in forex? The simple answer is MONEY. Specifically, currencies. Because you’re not buying anything physical, forex trading can be confusing so we’ll use a simple (but imperfect) analogy to help explain. Think of buying a currency as buying a share in a particular country, kinda like buying shares in a company. The price of the currency is… Continue reading What Is Traded In Forex?

What is forex? Quite simply, it’s the global financial market that allows one to trade currencies. If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit. Once upon a time, before a global pandemic happened, people could actually get on airplanes and travel internationally.… Continue reading What is Forex?