Tag: exchange

These are not standardized contracts and are not traded through an exchange. A deposit is often required in order to hold the position open until the transaction is completed. Forex trading or foreign exchange trading, has become the biggest financial market in the world with over USD $3 trillion...

In 1944, the Bretton Woods Accord was signed, allowing currencies to fluctuate within a range of ±1% from the currency’s par exchange rate. As a result, the Bank of Tokyo became a center of foreign exchange by September 1954. Between 1954 and 1959, Japanese law was changed to allow...

The foreign exchange market is the “place” where currencies are traded. The best forex trading platforms will display the amount of the spread before you place the trade, and automatically calculate the exact cost in the currency of the trading account. Featuring more than $5 trillion in daily turnover,...

The extremely high volume of trading that occurs in the forex market each trading day makes for correspondingly high levels of liquidity. High liquidity makes for low bid-ask spreads and allows traders to easily enter and exit trades throughout the trading day. The bid-ask spread on major currency pairs,...

For context, a standard account lot is equal to 100,000 currency units. A micro forex account will help you become more comfortable with forex trading and determine your trading style. James Chen, CMT is an expert trader, investment adviser, and global market strategist. Forex trading always involves a currency...