FX - Module 1
How the FX market works
Who trades currencies, where, and why prices move. Interbank structure, the dealer network, sessions from Wellington to New York, and what a currency pair actually represents. Charts wait for module 2 and macro drivers for module 5 - this module is the machinery only.
9 lessons, about 49 minutes
- 1What a currency pair actually is5 min
- 2Who trades FX, and why most of it is not speculation5 min
- 3Where the market lives5 min
- 4Your broker is not the market6 min
- 5The bid, the ask and why there are always two prices5 min
- 6What actually moves a currency price6 min
- 7A day in the FX market6 min
- 8Pips, lots and units5 min
- 9Order types and what each commits you to6 min