Forex Glossary

Spot forex trading is the buying of one currency against another for immediate delivery. As such, trades made in spot forex are not for future delivery.

A forex broker review is a key way of learning whether the broker in question is the right one for an FX trader.

There are essentially two types of forex funds: Real forex funds, which are those used in live trading accounts; and virtual forex funds, which are those used in demo trading accounts.

Real time forex quotes are ways in which the value of one currency is shown against that of another, as it happens in the forex market.

Live forex charts are charts on which FX traders can view the movements of major currency pairs in real-time.

An FX account is an account in which forex traders can play the forex market. As such, FX accounts enable forex traders to purchase or sell the currencies of their choices, 24 hours a day, five days a week.

By engaging in forex practice, an intrepid beginner at currency trading can gain knowledge of the global forex, the worldwide decentralized over-the-counter financial market for the trading of currencies.

A forex pip is the smallest unit of price for any foreign currency. Forex pips are generally digits added to or subtracted from the fourth decimal place, i.e. 0.0001.