The beginner's guide to FX trading
From basic trading terms to trading jargon, you can find the explanation for a long list of trading terms here.
Find out just how much you've learned by taking any of our 50+ trading quizzes. You can even see how your scores compare to others!
Learn how to trade forex in a fun and easy-to-understand format. Track your progress and learn at your own pace.
Find the approximate amount of currency units to buy or sell so you can control your maximum risk per position.
Determine the value per pip in your trading account's currency so you can better manage your risk per trade.
Our gain and loss percentage calculator quickly tells you the percentage of your account balance that you have won or lost.
Determine significant support and resistance levels with the help of pivot points.
Instantly find out whether the forex market is open or what the current trading session is based on your local timezone.
Cable is slang for the GBPUSD currency pair.
It is one of a few slang terms for different currency pairs.
The term originated from the exchange rate originally being transmitted by a transatlantic cable, and the name stuck.
Occasionally, people also refer to the price of the British pound as cable.
Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
A currency pair is a price quote of the exchange rate for two different currencies traded in the foreign...
Secured Overnight Financing Rate (SOFR) is the secured overnight funding rate in USD. It is a rate...
What is Quote Currency? The quote currency is the second currency in a currency pair. It is used to...
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.William O'Neil