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…
What Is the Rollover Rate (Forex)? The rollover rate in foreign exchange trading (forex) is the net interest return on…
Scalping in the forex market involves trading currencies based on a set of real-time analyses. The purpose of scalping is…
Skeptics of buy-and-hold trading in forex argue that it is a fool’s errand because currencies lack the main advantage of…