Forex Essentials (15 FAQs)|
Forex Essentials (15 FAQs) |
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What kind of trading strategy should I use? Currency traders make decisions using both technical factors and economic fundamentals |
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What is Margin? Margin is essentially collateral for a position. |
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What is Foreign Exchange? The Foreign Exchange market, also referred to as the "Forex" market, is the largest financial market in the world |
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What is the difference between an "intraday" and "overnight position"? Intraday positions are all positions which are opened and closed anytime during normal trading |
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Who are the participants in the FX Market? The Forex market is called an 'Interbank' market due to the fact that historically it has been dominated by banks |
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How often are trades made? Market conditions dictate trading activity on any given day. |
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When is the FX market open for trading? A true 24-hour market, Forex trading begins each day in Sydney |
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How are currency prices determined? Currency prices |
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What is a Stop Loss order? A stop loss order is an order type whereby an open position is automatically liquidated at a specific price. |
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How long are positions maintained? As a general rule, a position is kept open until one of the following occurs: |
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Who are the participants in the FX Market? The Forex market is called an 'Interbank' market due to the fact that historically it has been dominated by banks |
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Where is the central location of the FX Market? FX Trading is not centralized on an exchange, as with the stock and futures markets |
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When is the FX market open for trading? A true 24-hour market, Forex trading begins each day in Sydney |
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What kind of trading strategy should I use? Currency traders make decisions using both technical factors and economic fundamentals |
|
What is the difference between an "intraday" and "overnight position"? Intraday positions are all positions which are opened and closed anytime during normal trading |
|
What is Foreign Exchange? The Foreign Exchange market, also referred to as the "Forex" market, is the largest financial market in the world |
|
What is Margin? Margin is essentially collateral for a position. |
|
How often are trades made? Market conditions dictate trading activity on any given day. |
|
How long are positions maintained? As a general rule, a position is kept open until one of the following occurs: |
|
What is a Stop Loss order? A stop loss order is an order type whereby an open position is automatically liquidated at a specific price. |
