What Are Currency Pairs? Currency pairs are the national currencies from two countries coupled for trading on the foreign exchange (FX) marketplace. Both currencies will have exchange rates on which the trade will have its position basis. All trading within the forex market, whether selling, buying, or trading, will take place through currency pairs. Understanding Forex Quotes How
What Is the Foreign Exchange Market? The foreign exchange market (also known as forex, FX, or the currencies market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants in these markets can buy, sell, exchange, and speculate on the relative exchange rates of various currency pairs. Foreign
What Is Forex Analysis? Forex analysis is the practice of examining the changes in currency pair prices and the forces influencing those price changes. It is used by forex traders who buy and sell currencies with the goal of making a profit. Fundamental and technical analysis methods are both used in forex trading, with many
What Is Forex Charting Software? Forex charting software is an analytical, computer-based visualization toolkit used to help currency traders with foreign exchange (FX) trading analysis. These software tools produce interactive price charts for various currency pairs along with various technical indicators and overlays. Many traders use forex charting software packages to determine the likely direction
What Is Forex Training? Forex training is a type of specialized instruction or mentorship that provides skills and information about forex trading tactics, methods, and successful practices. Forex, or the foreign exchange market, is the market where banks, companies, brokers, hedge funds, investors, and other participants can buy, sell, exchange and speculate on the relative
What Is Forex Forecasting Software? Forex forecasting software is an analytical toolkit used to help currency traders with foreign exchange trading analysis through technical charts and indicators. Forex forecasting software provides charts and graphs of currency pairs that display price changes over time as well as indicator overlays such as moving averages, which help analysts
What is a Forex Hedge? A forex hedge is a transaction implemented to protect an existing or anticipated position from an unwanted move in exchange rates. Forex hedges are used by a broad range of market participants, including investors, traders and businesses. By using a forex hedge properly, an individual who is long a foreign
What Is a Forex Signal System? A forex signal system is a set of analyses that a forex trader uses to generate signals to determine whether to buy or sell a currency pair at a given time. Forex signal system decisions may be based on technical analysis charting tools or news-based events. A signal system
What Is a Forex Trading Bot or Robot? A forex trading bot or robot is the colloquial term for a software program based on foreign exchange market price movements that signals traders to buy or sell a currency pair at a given point in time. These systems can be automated and can be integrated with
What Is a Universal Currency Converter? A universal currency converter is a software application or website that provides for the easy conversion of currency values based on present-day exchange rates. Such currency converters can easily be found for free on the Internet, and can quickly convert the value of one currency to another, such as
