What is Forex?

25 Oct

Forex The foreign currency exchange market, also simply known as the currency market or forex, is the largest market in the world in terms of volumes traded. It is where traders and speculators can seek to gain profit from trading in/speculating on the price of one currency compared to another. The most commonly paired currencies [...]

What are Forex Fundamentals?

20 Oct

Fundamentals Explained Forex traders often use one of two major types of analysis: fundamental and technical analysis. In their purest form, these types of analysing currency valuations are diametrically opposed to each other. Fundamental analysis rests on the belief that valuations reflect the real worth of a currency, which can be influenced by real world [...]

Understanding the US Dollar

16 Oct

The United States Dollar The United Sates Dollar (USD) is one of the most commonly traded currencies in the world. The USD is currently the leading reserve currency globally; a position previously held by the Great British Pound (BGP). The majority of foreign currency exchange (forex) trades have the USD as their default currency. The [...]

Understanding the Euro

11 Oct

The Euro Understanding the Euro (EUR) is essential for any serious forex trader. The Euro follows the US Dollar as the most important currency in the foreign exchange market. It is typically the second most traded currency. It is further a leading reserve currency for many nations around the world. In contrast to the US [...]

Understanding the Canadian Dollar

6 Oct

The Canadian Dollar The foreign currency exchange market, also known as forex, is the most traded market in the world in terms of volumes. The overwhelming majority of trades, nonetheless, are executed in a handful of currencies: the US Dollar (USD), the Euro (EUR), the British Pound (GBP), the Japanese Yen (JPY) and the Canadian [...]

The Advantages of Trading Forex

1 Oct

Forex The foreign currency exchange market, better known as forex, is a global market for the buying and selling of currencies. It is the largest market in the world in terms of volumes traded. It can handle more than a trillion dollars a day in trades, compared to the billions traded on stock markets. The [...]

Preparing to Trade Forex

29 Sep

Common Trading Mistakes Forex is the largest market globally in terms of volumes traded. One of the key reasons for this is that it is open to private individuals from anywhere in the world. Forex trading can be done from the comfort of your own home, providing you have internet access, a computer and a [...]

Getting Ready to Trade Forex

23 Sep

Beware of the Risks Before getting started, it is worth knowing about the potential upsides, as well as downsides, of trading forex. Much forex trading is leveraged. It is this simple fact that carries potentially large rewards and, conversely, risks. So what is leverage? A leveraged position is one in which an opening trading deposit [...]

Fundamental and Technical Analysis

19 Sep

Fundamental and Technical Analysis Forex fundamentals are factors that are said to have a bearing on the valuation of a national currency. They are used as part of a fundamental analysis of currency prices. Fundamental analysis is one of the most common methods with which traders or speculators attempt to anticipate the future direction of [...]

Forex Trading Tips

13 Sep

Minimising Risks, Maximising Opportunities Currency traders, like all other types of trader, seek to make a profit from buying and selling. As price movements evolve in real time, there can never be a guarantee that a profit will be engendered. Even with the most rational and previously successful trading strategy, potential losses may be incurred [...]