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Forex

Currency markets, exchange rates, leverage, costs and risk.

01

What is forex?

How the foreign-exchange market works and what an exchange rate represents.

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02

Currency pairs explained

Base currencies, quote currencies and why different pairs behave differently.

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03

Forex spreads and fees

The main costs behind a forex position, including spreads, commissions and financing.

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04

Leverage and margin in forex

Why leverage changes both potential gains and the speed at which losses can build.

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05

Forex regulation

How to think about legal entities, regulators and the limits of a licence.

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06

Forex risks

The main risks in currency markets and leveraged forex products.

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07

How to evaluate a forex broker

A research framework for comparing forex brokers without relying on rankings alone.

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