There is no central location for the foreign exchange market, often referred to as the forex (FX) market. Transactions in…
What Is an Indirect Quote? The term indirect quote is a currency quotation in the foreign exchange market that expresses the…
What Is an Exchange Rate Mechanism (ERM)? An exchange rate mechanism (ERM) is a set of procedures used to manage…
What Is the U.S. Dollar Index (USDX)? The U.S. dollar index (USDX) is a measure of the value of the…
What Is an Exchange Rate? An exchange rate is a rate at which one currency will be exchanged for another…
What Is the Interbank Market? The interbank market is a global network used by financial institutions to trade currencies and…
You may wonder why it is necessary to keep a separate trading journal since just about every broker provides a…
The foreign exchange or forex market is the largest financial market in the world – larger even than the stock…
There are many official currencies that are used all over the world, but there are only a handful of currencies…
What Is the South African Rand (ZAR)? The South African rand (ZAR) is the national currency of the country of…