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What is forex trading & how does it work?
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Sep 7, 2023 · Forex (FX) refers to the global electronic marketplace for trading international currencies and currency derivatives. It has no central physical location, yet the forex market is the largest,...
Apr 24, 2019 · From your OTC to your BoE, we reveal 34 important forex abbreviations and acronyms that every trader should know if they want to succeed. See inside.
Their primary duty is to examine data to identify opportunities or evaluate outcomes for investment recommendations or business decisions. In the financial services industry, analysts provide regular reports on forex, equity, commodity, and cryptocurrency markets to assist traders’ decision making.
- Currency. The world’s currencies are traded on the Forex market. But let’s start with the very basics – What is a currency? The word currency is derived from the Latin word “currens”, which means “running” or “in circulation.”
- Currency pair. Even though currencies are traded on the Forex market, we’re not able to buy or sell single currencies. Each time we place a trade in the market, we have to trade on currency pairs.
- Major pairs. In general, currency pairs can be grouped into major pairs, cross pair, and exotic pairs. Major pairs are currency pairs that include the US dollar as either the base currency or counter-currency and one of the other seven major currencies (EUR, CAD, GBP, CHF, JPY, AUD, NZD.)
- Cross pairs and exotics. Cross pairs, on the other hand, include any two major currencies except the US dollar. Unlike major pairs, cross pairs have higher transaction costs and, at times of lower liquidity, traders can face slippage.
Forexpedia, the original online forex glossary, is here! Term of the Day. Margin Call. A margin call is a term used to describe the alert sent to a trader to notify them that the capital in their account has fallen below the minimum amount needed to keep a position open.
Jun 21, 2023 · The foreign exchange market, also known as forex, is the world’s largest and most liquid financial market. Trading terms can get confusing, even more so with Forex trading, which has its own technical jargon. But fret not, in this article, we will be introducing basic Forex terms that all traders should know in order to trade with confidence!
