Frequently Asked Questions

  • What is foreign exchange?

    The foreign exchange market, or Forex, is the world's largest financial market, with the average daily turnover exceeding $3,200,000,000,000. Forex currency trading is buying one currency while selling another currency. The exchange rate of the currencies are floating, and the traded products are in the form of currency pairs. For example,the Euro/US dollar (EURUSD) or US dollar / Yen (USDJPY).

  • Where is foreign exchange traded?
  • Who participates in the foreign exchange market?
  • When can I trade foreign exchange?
  • What currency pairs are traded the most?
  • Is foreign exchange trading expensive?
  • What is margin?
  • What do the terms 'Bullish' and 'Bearish' refer to?
  • How is the price of foreign currencies determined?
  • What kind of trading strategy should I use?