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According to an April 2007 report by the Bank for International Settlements, the foreign exchange market has an average daily volume of close to $3 trillion, making it the largest market in the world. Unlike most other exchanges such as the New York Stock Exchange or the Chicago Board of Trade, the FX market is [...]
When you place orders with a forex broker, it is extremely important that you know how to place them appropriately. Orders should be placed according to how you are going to trade – that is, how you intend to enter and exit the market. Improper order placement can skew your entry and exit points. In [...]
In countries where the currency is pegged, the range in which the rates are permitted to fluctuate. Source:forexglossary.com
The office location, or department, where the processing of financial transactions takes place. Source:forexglossary.com
The income or cost associated with keeping a foreign exchange position overnight. This is derived when the currency pairs in the position have different interest rates for the same period of time. Source:forexglossary.com
A chart that displays the daily trading price range (open, high, low and close). A form of Japanese charting that has become popular in the West. A narrow line (shadow) shows the day’s price range. A wider body marks the area between the open and the close. If the close is above the open, the [...]