Fundamentals's archives
Understanding the lingo: Spot Market, Traded Currencies and other Forex terms.
In the Forex market as with any market there are many terms you have to be familiar with, some of these are unique to the Forex market. As already discussed in The Forex market, Exchange Rate & Bid Ask Spreads. An exchange rate is quoted: Once again we should think back to what a Foreign Currency or Forex transaction actually is, it is the simultaneous buying of one currency and selling of another currency. In the [+]Key Financial Announcements in the Forex Market
It is very important to keep up to date with financial news releases. These news releases have a huge impact on the market. I would advise any new trader to make themselves aware of the time of these releases and stay out of the market during these times as they generally have high levels of volatility and the spread can increase dramatically. A very useful tool that allows you to stay up to date with these [+]Pips, lots and a little bit of math
If you've had any experience in the foreign currency market or the forex market, I am sure you would have heard of the term pip. If however you are new to the forex market the term pip will probably have you thinking of those little seeds found in fruit. In terms of forex a pip is the smallest increment a currency can move, it is usually the fourth decimal place in a quoted price. If [+]The Forex market, Exchange Rate & Bid Ask Spreads
The term Forex is short for Foreign Exchange. The Forex market is most widely traded market in the world. The figure most often cited as the trading volume for the Forex market is $1.9 trillion US dollars daily. If you wish to read more about where this figure came from read Making up the numbers. One thing that I will note here is that this figure is often quoted on broker’s website and information material however [+]