Trading involve risks and are not suitable for all investors. Please ensure you fully understand the risk involved.

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Factors that affect the Forex Market

Table of Contents Factors that affect the Forex Market First of all, the price or rate of the currency pair is determined by supply and demand. The currency pair rates are determined by the market forces of supply and demand for foreign exchange. On top of this, there are also external factors that can affect forex […]

Why Trade Forex?

Table of Contents Two common reasons that you would normally hear with trading and investing are: Speculation and Hedging. Often used to convey the same thing; financial trading strategies. In reality, both speculation and hedging are in reality quite different in terms of their purpose and objectives.   Speculation Hedging Objective To make money (profit) […]

When do the Forex Market open?

Table of Contents Forex Trading Hours What is the best timing to trade? The forex market operates 24 hours everyday for 5 days a week. It is able to operate round the clock, because the trading hours are divided into four sessions across four time zones: Sydney hours, Tokyo hours, London hours, and New York […]

Who are the Forex Market Participants?

Table of Contents Before we look into the entities involved in the forex market, let’s look at forex market structure to better understand how each participant falls into the picture. Forex Market Structure Unlike the centralized markets such as the New York Stock Exchange (NYSE) which can be very monopolistic in the sense that only […]

How to read a Forex Quote?

Table of Contents Introduction to Forex Quotes Forex trading is speculating the rise and fall of the exchange rates. All forex currency pairs have two countries involved, an example EUR/USD or USD/JPY. In each forex transaction, what you’re doing is, you buy one currency and at the same time you sell the other. This applies […]

How are currencies traded?

Table of Contents All forex trading is expressed as a combination of the two currencies being exchanged. There are three categories of currency pairs: Currency Pair Countries USD/BRL United States / Brazil USD/HKD United States / Hong Kong USD/SAR United States / Saudi Arabia USD/SGD United States / Singapore USD/ZAR United States / South Africa […]

What is Forex Trading?

Table of Contents What is Forex Trading and what is traded in Forex? The answer is actually quite straightforward- money, specifically currencies. Forex trading may sound abstract since we do not actually buy and hold any physical currency. Think of buying a currency as buying a share in a particular country, similar to buying shares in a company. […]

What is Foreign Exchange (Forex | FX)

Table of Contents Foreign exchange, also commonly referred to as Forex or FX, it is the largest financial market in the world where companies or individuals exchange one currency for another currency – if you have ever travelled abroad, then it is likely that you have participated in a forex transaction. Example; Bill is traveling […]

What is overnight funding? How is it charged?

Table of Contents Financing charges such as overnight funding or sometimes also referred to as swap fees. It refers to the fees that you pay to hold the trade position overnight. This fee is essentially an interest payment to cover the cost of borrowed capital that you’re using. For the currency you buy, you may […]

Trading Account Status

Whenever you’re trading, you will encounter these terms and information about your trading performance. Net P&L: The profit and loss for all open positions. How to calculate: the total of P&L of all open trades + (daily Overnight Funding rate x number of days). Balance: The amount after last closed trade. How to calculate: Deposits […]

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