Introduction to the Forex Market
Spot foreign exchange exchanges one currency for another. It operates through a network of participants rather than a single central order book. Quotes can differ between providers.
Learning outcomes
✓ Explain a decentralised market
✓ Explain who participates
✓ Explain how a quote works
Course curriculum
1. A decentralised market · 12 min
Spot foreign exchange exchanges one currency for another. It operates through a network of participants rather than a single central order book. Quotes can differ between providers.
2. Who participates · 12 min
Banks, businesses, institutions and individuals exchange currencies for different reasons, including international commerce and managing currency exposure. Their objectives and time horizons differ.
3. How a quote works · 12 min
A currency quote expresses the value of one unit of the base currency in units of the quote currency. A rising EUR/USD means one euro buys more US dollars.