The operational flexibility of the forex market, allows traders come up with numerous ways and methods to speculate and invest in currencies. However, of these, there are four widely recognized, popular and proven methods. And we shall be discussing these four methods. They are; SPOT FOREX CURRENCY FUTURES CURRENCY OPTIONS CURRENCY EXCHANGE TRADED FUNDS (ETFs) […]
The forex market is the biggest and most liquid financial market in the world. It is a multi-trillion-dollar market… yes you read that right! According to the Bank for International Settlements triennial report of 2016, the foreign exchange market cap averaged $5.1 trillion per day. The forex market is considered an Over-the-Counter (OTC), or “interbank” market due […]
Forex trading involves the exchange of one currency for another, in other words forex trade is the buying and selling of currencies simultaneously. When you trade in the forex market, you buy and sell in currency pairs. For example, if you trade the euro and the US dollar (EUR/USD), that is a currency pair. Simply […]
What is traded in forex? MONEY!! Yes, we buy and sell money in forex. Confused already? Ok, now relax, and let’s learn. The general mindset about trading is simply the buying and selling of goods (like physical stuff) using money, so when we talk about buying and selling of money, some people become confused. However, […]
In simple terms, Forex or FX for short is the global market that allows for the exchange of one currency for another. We are often involved in the forex market except that a lot of times we don’t know, or we don’t do it for profit. For instance, when you traveled to another country, you […]