Forex for Dummies

What is Forex?

If you're new to Forex, this beginner's guide to Forex trading is for you. We'll explain everything you need to know to help you build wealth.

Forex Currency Pairs

Forex trading is based around pairs of currencies. A small number of currency pairs, known as Majors have come to dominate the market.

What are Forex Spreads?

Understand how to calculate Forex spreads, including the bid-ask spread

What is Leverage in Forex trading?

Leverage is an integral part of most Forex trades. It can significantly affect your potential gains and losses.

Fixed Spreads vs. Floating Spreads

Forex brokers offer a choice of fixed and floating spreads. So, what's best? The answer to this question depends on your experience and trading strategies.

Forex Market Hours

The foreign exchange market is open 24-hours a day, except on weekends. As one financial centre closes, another one opens.

We've summarised below Forex market hours across financial centres (London, NYC, Sydney and Tokyo), and explained the best times to trade.

A Short History of Retail Forex Trading

Retail Forex trading has come a long way since the 90s, when it was the preserve of wealthy individuals with access to expensive trading platforms.

Here's how the rise of hundreds of online Forex brokers, powered by increasingly standardised trading platforms changed everything.