FAQ

Is the simultaneous (occurring, operating or done at the same time) buying of one currency and selling another

There are many reasons to trade forex. If we ask four different people, you might get more than four different answers. Primarily, making money is the most frequently cited reason for why trade forex.

From money exchanges, to banks, to hedge fund managers, to local doers – everybody participates in the forex markets.

Firstly, you need to know how to read a forex quote, and determine whether you want to buy (long) or sell (short).

Just because the forex market is open 24 hours a day doesn’t mean it’s always active! The forex market is broken up into (4) major sessions, the Sydney Session, the Tokyo Session, the London Session and the New York Session (refer to LIM course).