The three ways of trading ForexThere are three different ways to trade foreign exchange currencies: the spot market, the forwards market, and the futures market.The Spot MarketA spot trade is a ‘direct exchange’ with a very short time frame, i.e., up to two working days....
This chapter explains the first steps in conducting technical analysis of forex prices. These steps involve finding support and resistance, trend lines, and assessing where the price is in relationship to these geometric points. Understanding the location of the currency pair is a foundational ...
Does the Forex market trade 24 hours a day? The Forex market is an over-the-counter market, meaning that trading can take place 24 hours a day on the days that the exchanges are open. In the case of the Forex market, trading takes place over five and a half days of the week. You...
Finally, the choice between direct and indirect quotes can also be influenced by the audience's familiarity with the currency pair. For instance, in the forex market, direct quotes are prevalent for currencies where the U.S. dollar is the base currency. This convention supports better transparenc...
Capital markets can be broken down into the primary and secondary markets. The primary market is where new securities are sold for the first time, such as when a company goes public with aninitial public offering (IPO). This allows companies to raise capital directly from investors who buy th...
One of the key advantages of the forex market is its ability to operate continuously throughout the week. As the trading session in one region comes to a close, another session begins in a different part of the world. For instance, after the Asian session concludes, the European and UK ba...
Chapter 1: What is Forex Trading Chapter 2: History of Money and Origins of Forex Trading Chapter 3: Forex Trading Terminology Chapter 4: Important Aspects of Forex Trading Chapter 5: Players in The Forex Market Chapter 6: Factors that Affect the Forex Market ...
Scalpers should be ready to act upon unexpected economic, political and other developments that can heighten market volatility.ProsDue to the large number of trades they place in a small space of time, scalpers can rack up large profits extremely quickly. Scalpers may only need a forex pair to...
News and Market Analysis This resource contains a real-time fundamental and technical analysis of markets. There is also an economic calendar and a historical overview of markets. Forex and CFD Trading Tools You can also find helpful calculators that let you convert currencies, estimate pip values...
Domestic payments are made in a single currency and don't involve currency conversion. However, international payments often involve at least two currencies, requiring currency conversions. These currency conversions take time and money. Banks will typically use a real-time mid-market exchange rate an...