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Each lesson ends with a short quiz — answer the questions after reading the text to assess yourself as you acquire new knowledge. Taking the quiz is optional — you can skip to the next lesson anytime.
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There are two main types of retail FX brokers offering the opportunity for speculative currency trading: brokers and dealers or market makers. Brokers serve as an agent of the customer in the broader FX market, by seeking the best price in the market for a retail order and dealing on behalf of the retail customer. They charge a commission or "mark-up" in addition to the price obtained in the market. Dealers or market makers, by contrast, typically act as principals in the transaction versus the retail customer, and quote a price they are willing to deal at.
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Importance concepts in the Forex market such as leverage and margin, order types and more. EMI Calculator GBPAUD Information 0.00001 0.00012 0.00039 -16.25 -0.35 100000 GBP 0.0016
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Historically, currencies were traded in specific amounts called lots. The standard size for a lot is 100,000 units. There are also mini-lots of 10,000 and micro-lots of 1,000.