What is Forex?
Forex: The global currency exchange market, where currencies trade in pairs such as EUR/USD, open 24 hours a day, five days a week.
More terms
- ECN account
- An account that routes your orders to a network of liquidity providers, with raw spreads near zero plus a fixed commission per lot.
- Equity
- Your account balance plus the profit or loss of open positions: what the account would be worth if everything were closed now.
- Financial regulator
- A government body that licenses and supervises brokers and sets investor-protection rules, such as the UK FCA, Cyprus CySEC and Australia's...
- Hedging
- Opening a position that offsets an existing trade or investment to reduce the possible loss if the price moves the wrong way.
- Islamic account
- A trading account with no overnight swap charges on positions held past the trading day; some brokers charge an administration fee instead.
- KYC
- The check a regulated broker makes of your identity and address before activating your account or withdrawals, under anti-money-laundering r...