A-BEGINNERS-GUIDE-TO-FOREIGN-EXCHANGE-TRADING

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Market Participantshttp://bit.ly/2u9n7BoSource: https://www.euromoney.com/article/b18bzd2g51lqkn/fx-survey-2018-overall-resultsThe main players involved in the FX market, aside fromgovernments and central banks that perhaps have thelargest influence, are commercial banks. Collectively,the five largest banking institutions control more than40% of the total trade volume, with JPMorgan Chasecapturing the lion’s share at 12.13%.In many countries, the central bank’s mandate is tomanage a nation’s currency, money supply and interestrates. Autonomy from government is in place to ensureshort-term political events avoid interfering withachieving this objective. The US Federal Reserve (morecommonly known as ‘the Fed’) is such an example.After commercial banks, smaller banks, multi-nationalcorporations, large hedge funds and some of the retailmarket makers enter the fold.
Financial Instrumentsin the FX SpaceThe forex market includes a number of currency pairs– that is two currencies paired along with one another.At IC Markets you’re able to trade up to 65 currencypairs.http://bit.ly/2u9n7BoThe EUR/USD, the GBP/USD, the AUD/USD and theUSD/JPY are considered major currency pairs. Notemajor markets all include the US dollar.Major currency pairs are the most actively tradedmarkets, with the EUR/USD taking the lion’s share ofvolume.
Page 1 and 2: F O R E I G NE X C H A N G ET R A D
Page 3: The over-the-counter market, also k
Page 7 and 8: The Exchange RateAn exchange rate i
Page 9 and 10: Pip/PointA pip - a common term in t
Page 11 and 12: SpreadThe difference between the Bi
Page 13 and 14: Position sizing. While this is an a
Page 15: Trade using a demo account first. T

A-BEGINNERS-GUIDE-TO-FOREIGN-EXCHANGE-TRADING

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