What is Forex?

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The foreign exchange market is a decentralised, over-the-counter (OTC) global market. The daily volume of the Forex market surpasses $4 trillion as day worldwide. To put this in perspective the daily volume traded on the New York stock exchange is $25 billion making it the largest financial market in the world. The total Forex volume … Continue reading What is Forex?

Forex Market Structure

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For most retail traders understanding the structure of the Forex market is something that is often overlooked. This is a critical element that needs to be considered when designing and implementing any trading plan. The forex market differs from other global markets due to the way it is structured. The main factors affecting the structure … Continue reading Forex Market Structure

Spreads and Liquidity

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Spreads and liquidity go hand in hand as tight spreads are usually a result of good liquidity. We will be giving reference to the spread and liquidity of IC Markets True ECN environment to illustrate how this works.   What is a spread? In the forex market the spread is the difference between the buy … Continue reading Spreads and Liquidity

Technical Analysis

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Overview Technical analysis is essentially the study of price on charts in order to gain some insight into the past, present and future direction of price. It is a study that most traders use to make trading decisions, this adds to its significance and what makes it such an effective and reliable means of analysis. … Continue reading Technical Analysis