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Forex
FOREX is the largest financial market in the world in terms of both size and liquidity. To give you a general idea of the size, an average of $5 trillion is traded globally each day. No stock market in the world trades such a huge amount on a daily basis. The idea of FOREX isContinue Reading
Written on December 28, 2020 at 6:45 am
Categories: What is Forex
Quotes in Forex
We mentioned above that currencies are always traded in pairs; this is because when you buy one you’re essentially selling the other and vise versa. So how do you read an FX quote？ E.g. EUR/USD = 1.1200This means that 1 € = 1.12 $EUR; in this quote EUR is known as the base currency.USD; in this quote USDContinue Reading
Written on December 28, 2020 at 6:37 am
Categories: What is Forex
The Bid, the Ask and the Spread
All forex quotes have two prices attached to them, one is a bid price, and the other an ask price. The bid price – if you want to SELL the base currency, then you would click on the bid price. The bid price is the price at which the other party is willing to buy theContinue Reading
Written on December 28, 2020 at 6:34 am
Categories: What is Forex
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