Forex Course

2.4 – Forex Dealing Jargon

This forex course basics section covers the forex dealing jargon used in conversations among forex market participants.   People that trade currencies for a living have their own verbal shorthand for transacting trades. Also, although most transactions take place electronically, many professional traders still rely on interpersonal contact to get a more accurate “feel” for […]

2.3 – Currency Codes and Nicknames

This forex course basics section covers the currency codes and nicknames used in the forex market.   As in any large financial market, the forex market has its slang terms and nicknames for currencies, exchange rates and other elements relevant to trading in the forex market.   Also, the currencies of the world each have […]

2.2 – The Currencies Traded

This forex course basics section covers the currencies traded in the forex market.   The most actively traded currencies in the foreign exchange market today roughly reflect the commercial and trade activities of the nations involved.   Accordingly, the most commonly traded currencies tend to be from major, developed nations. These national currencies account for […]

2.1 – The Size of the Forex Market

This forex basics section covers the impressive size of the forex market, who participates and the role of the US Dollar.   The international currency market or foreign exchange market makes up the biggest single capital market on the planet. On average, trading in the forex market amounts to a total dollar value of over […]

1.8 – Other Foreign Exchange Derivatives

This forex course basics section covers the nature of more exotic foreign exchange derivatives traded in the OTC market. The forex market continues proving itself to be an innovator in developing new types of derivative products for hedgers and trader to use to manage and take foreign exchange risk.   Most of these derivatives, such […]

1.7 – Foreign Exchange Swaps

This forex course basics section covers the nature of forward foreign exchange transactions and the forward market. The term “Foreign Exchange Swap” refers in the forex market to a “two-legged” or two part currency exchange transaction. Swap trades are typically used by forex traders to “swap” or shift a foreign exchange position’s value date to […]

1.6 – Currency Options

Description: This forex course basics section covers the nature of currency option transactions and the currency options market. A currency option is a foreign exchange derivative product which gives the holder the “option” or right, but not the obligation, to buy or sell one currency against another in a forex transaction at a preset rate. […]

1.5 – Currency Futures

Description: This forex course basics section covers the nature of currency futures and how they trade on futures exchanges like the IMM.   Text: Currency futures have a completely different manner of trading than the cash foreign exchange market where transactions primarily take place in the spot and forward markets over an extensive electronic and […]

1.4 – Forward Transactions

Description: This forex course basics section covers the nature of forward foreign exchange transactions and the forward market.   Text:   Forward transactions in the foreign exchange market consist of a contractual agreement between two parties to participate in a currency exchange transaction on a different date than the spot value date at a specified […]

1.3 – Spot Transactions

Description: This forex course basics section covers the nature of spot foreign exchange transactions and the spot market.   Text: The definition for a spot transaction in the foreign exchange market is transactions that are performed between two counterparties for mutual delivery of currencies on the spot value date.   The term is believed to […]

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