FX stands for Foreign Exchange, and is also commonly referred to as Forex. It’s the name given to the swapping or exchanging of one country’s currency for the currency of another country. Without realising it, you have likely experienced this whenever you have travelled to a different country and swapped the currency you use at home, for that of the country you are travelling to, so you are able to buy things while you are there.
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Top 10 Economic terms to help you trade Many new traders seem to have a good grasp of a few technical analysis methods. Perhaps a slight understanding of some trading strategies and some knowledge of trading jargon. But where we see the largest lack of knowledge is in the Fundamental economic terms, theories and events …
How do FX Brokers make money? Nowadays, you see marketing and advertisements for trading firms everywhere you look. The multitude of Football, Formula 1, Rugby and Cricket sponsorships (to name but a few) has gone through the roof! Now as you can imagine, this sponsorship doesn’t come cheap. Neither do YouTube Ads, TV Ads, or …
What is an ETF? ETFs have gained a mass following over the past few years and only seem to become more and more popular. But what are they? ETFs are funds that trade ‘on-exchange’. They track sectors or indices and as they are traded on exchange, trade just like your usual stocks and shares. What …
What is Day Trading? Day trading refers to a style of trading that involves very short-term exposure to a financial instrument, typically less than one day. It is sometimes referred to as ‘swing trading’, as the trader is looking to benefit from sharp fluctuations or ‘swings’ in the market, in order to make a profit. …
Major Vs Minor FX Pairs (Vs Exotic) What is a Major FX pair? What is considered to be an ‘exotic’ pair? Let’s find out! Chances are – You’re logged on to this website from a country that uses a currency that is considered to be a Major. If not – A minor? And if you …
What are Non-Farm Payrolls? Traders largely look for volatility. And where better place to look but the NFP or Non-farm payroll figures released monthly in the US. But what are Non-Farm Payrolls? Non-farm payrolls are an economic data release that show the number of jobs there are in the states – BUT – the number …
What is an Economic Calendar? Economic Calendars are an absolute must for anyone thinking about trading! Economic Calendars contain all the upcoming data releases that will shape the way the markets will move in the near future, as well as datasets of previous data that has already made a market impact. You will be able …
What are the Top 5 data releases to trade? Every week in the financial markets we see a plethora of economic data releases. Each country releases data at different times and naturally, some releases have more of a market impact than others. Certain countries data releases have larger market impact than others too. It’s fairly …
What is SpreadBetting? There are many ways you can place a trade on the financial markets and many products you can trade. You may hear your friends talking about trading Stocks and shares via an online platform (Especially with the recent reddit share trading stories we’ve been hearing recently) You may hear people talk about …
What are the Top 5 Currency Pairs to Trade? FX. Forex. Foreign Exchange. Whatever you call it – it’s a vital piece of the financial puzzle used every day around the globe. We have all changed money up at the post office. Bought some Euros for your Spanish holiday. Picked up some Dollars for your …
