The Foreign Exchange Market
Forex means FOReign EXchange and it is a 24/5 market where global currencies are traded one against the other. Forex is the largest financial market in the world with a daily volume exceeding $4 trillion..
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Read More...Foreign Exchange Liquidity and Providers
High liquidity is important to all the financial markets and their participants, as it minimizes transaction costs and risks. Some studies associate the...
Read More...Forex Conferences 2024
Forex Conferences 2024 These are some important Forex conferences for the rest of 2024. Forex Traders Summit, Dubai, May 19 to 20, 2024 The Forex...
Read More...Most Tradable Forex Currency Pairs
A currency pair or else an exchange rate is a quotation of two different currencies (i.e. EURUSD). The first listed currency of a currency pair (i.e....
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(+) FOREX EXPOS 2024-2025 (press)
- Forex Traders Summit, Dubai, May 19 to 20, 2024,
- The MoneyShow, Toronto/Canada, September 13 to 14, 2024
- Tradetech FX, Amsterdam/Netherlands, September 16 to 18, 2024
- The MoneyShow Orlando/USA, October 17 to 19, 2024
- Tradetech FX, Singapore, November 19 to 20, 2024
- FX Markets Europe, London/UK, December 3, 2024
- Tradetech FX, Florida/USA, February 10 to 12, 2025
- The Global Trade Finance Expo, Dubai, May 8 to 9, 2025
FREQUENTLY ASKED QUESTIONS
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What is Online Forex?
Forex means FOReign EXchange and it is a 24/5 global market where world currencies are traded one against the other. Forex is the largest financial market in the world. Key Forex centers include London, New York, Tokyo, and Sydney.
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What is a Currency Pair?
A currency pair or else an exchange rate is a quotation of two different currencies (i.e. EURUSD). The first listed currency of a currency pair (i.e. EUR) is called the base currency, and the second currency is called the quote currency (i.e. USD)...
The most liquid pairs in the Foreign Exchange Market are:
■ EURUSD, GBPUSD, USDJPY, CADUSD, AUDUSD, EURGBP, EURJPY, and NZD/USD
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What is ECN/STP Forex Trading?
ECN means Electronic Communication Network and it is an electronic bridge connecting large liquidity providers (i.e. banks) with smaller market participants (i.e. retail traders). This connection works through an ECN Forex Broker who charges trading commissions for offering access to the ECN market.
STP means Straight-Through Processing and refers to the method of transferring retail trading orders straight to liquidity providers, without any dealing desk intervention. STP Forex brokers usually offer a transaction speed between 70 and 150 milliseconds.
■ NDD Brokers: They include ECN/STP brokers and provide direct access to interbank rates. That means traders get a better quotation and faster order-execution
■ DD Brokers: They are known as Market Makers and they build an internal market following the ECN market. Not a good choice for intraday Forex traders
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What is Money Management (MM)?
Money management aims to protect portfolios by helping investors to decide how much to risk on any trade based on their total available capital.
In practice, that means implementing various techniques and having a set of rules in order to limit risk, and simultaneously increase the reward.
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How to trade in the Forex Market?
Online Forex works as a decentralized network for exchanging the world's currencies. Trading the online Foreign Exchange market requires a trading platform linked to a trading account. Forex brokers can provide a trading account while most trading platforms are free to download and use...
■ Web-trading platforms: are better for beginners
■ MetaTrader and cTrader: are better for advanced and professional Forex traders
Where to Start?
First of all, you need to find a safe and competitive Online Forex Broker. Then you can open a Demo Account with this broker in order to train without risking your real funds. After you begin to gain some experience, you can move to a Mini-lot account where a 0.01 lot equals just $10. After some time, you can move to a standard-lot account where 0.01 lot equals $1,000...
⏲ The 24-Hour Forex Market Clock
The Foreign Exchange market is open 24/5, from Sunday evening until Friday night. There are three major trading sessions:
- European session (London)
- North American session (New York)
- Asian session (Sydney & Tokyo)