Forex, the foreign exchange market, is the largest market in the world, with trillions of dollars traded on an average day.
Banks, companies, governments, funds and individual traders all take part, for reasons ranging from paying suppliers to speculating on interest rates.
In Forex you always buy one currency and sell another. The price tells you how much of the second currency buys one unit of the first.
Trading moves around the globe with the business day. The busiest period is when London and New York overlap, when liquidity is deepest and moves are often largest.
Major pairs such as EUR/USD trade so heavily that spreads are often a fraction of a pip and even large orders fill cleanly.
Less-traded pairs have wider spreads and can move erratically, especially outside their home session.
The mechanics behind every chart.
Course 4 goes deeper into the market you have just met.
You will see how pairs are grouped, how pips and lots turn price moves into money, how correlated pairs hide risk and what really happens between your click and your fill.
