What are Cryptocurrencies?

Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies have issued their own currencies, often called tokens, and these can be traded specifically for the good or service that the company provides. Think of them as you would arcade tokens or casino chips. You’ll need to exchange …

What does the exchange rate represent?

The exchange rate represents the value of a country’s currency vs. that of another country or economic zone. Most exchange rates are free-floating and will rise or fall based on supply and demand in the market. Some currencies are not free-floating and have restrictions.

What moves currency prices?

Numerous factors determine exchange rates such as Differentials in Inflation, Differentials in Interest Rates, Current Account Deficits, Public Debt, Terms of Trade, Strong Economic Performance . Many of these factors are related to the trading relationship between the two countries. Remember, exchange rates are relative, and are expressed as a comparison of the currencies of …

What are the three trading sessions?

There are three major forex trading sessions which comprise the 24-hour market: the European session (London), the US session (New York) and the Asian session (Tokyo). SESSION MAJOR MARKET Time (GMT) Asian Tokyo 00:00 – 09:00 European  London 08:00 – 17:00 US  New York 13:00 – 22:00

What is an economic calendar?

An economic calendar refers to the scheduled dates of significant releases or events that may affect the movement of individual trading instrument prices or markets as a whole. Investors and traders use the economic calendar to plan trades and portfolio reallocations, as well as to be alert to chart patterns and indicators that may be …