
FOREX
The Forex market is the largest financial market in the world with an average daily volume of over $5 trillion a day. Almost every single transaction on all tradable markets, including futures, bonds and stock markets all have a traceable Forex trading impact. All banks, governments and companies are participants in this vastly liquid global FX market. Their trading activity creates volatility, which FX traders can exploit to their advantage and consistently profit using their edge.
FX currency trading is typically calculated in Pips, meaning that depending on your trade size, each pip is equal to a specific monetary value of the ‘term’ currency. This pip value is used to determine the P&L (profit or loss), based on how many pips you gain or lose in a trade, and is also used to display spread (the difference between the bid and ask prices).