What are bull and bear markets in forex? These are terms used to describe whether the financial markets are appreciating and depreciating, and have a great influence on how certain currencies are performing in relation to one another.

The Major Currency Pairs in Forex are the seven most commonly traded currency pairs, all of which make up over 85% of all forex trades globally.

George Soros was a successful financial magnate, nicknames ‘The Man Who Broke the Bank of England’ for his billion-dollar forex short trade on a day forever known as Black Wednesday.

Forex is legal in most countries, and is fully legal and regulated in the United States.

A question asked often is ‘How long does it take to learn forex trading?’ Another one I see is ‘How long does it take to master forex trading?’ Typically, it will take about 3-6 months to become adequate in forex trading.

Is Forex Legit? Yes, forex is legit – however, there are plenty of scams and shoddy products out there in the industry that are not worth your time or money. It’s all about figuring out what is legit and what is not.

Forex spread is the difference between the BID and ASK prices. Essentially, forex spread is how brokers (especially those who take no commission) make their money.

The two different types of forex brokers are 1)Dealing Desks Brokers (DD), also called ‘Market Makers’, and 2)No Dealing Desks Brokers (NDD), which include Straight Through Processing (STP) and Electronic Communication Network (ECN) brokers.

What is NFP in Forex Trading? So, are you of the many beginner forex traders who are asking “What is NFP in Forex Trading?” This is a largely misunderstood topic that is also a very worthwhile one to investigate. If you trade forex long enough, you are going to want to know what NFP is in … Read more