Correlation and Liquidity
Correlation describes how markets tend to move in relation to each other. Liquidity describes how easily transactions can occur without large price disruption.
Topic: Liquidity
Exotic Pair
An exotic currency pair typically combines a major currency with a currency from a smaller or emerging economy.
Liquidity
Liquidity describes how readily transactions can occur without causing large price disruption.
Major Pair
A major currency pair includes the US dollar and another heavily traded global currency.
Slippage
Slippage is the difference between the requested order price and the price at which the order is actually executed.
Spread
The spread is the difference between the bid and ask prices.
How the Forex Market Works
Forex is a global network rather than one central exchange. Banks, institutions, companies, brokers and traders interact across different financial centres throughout the trading week.
Forex Trading Sessions and Order Types
Forex activity changes through Sydney, Tokyo, London and New York sessions. Order types control how a trade is entered or exited.