How currency markets operate, currency pairs, and global foreign exchange systems.
This scope is designed to help you build a practical understanding of Forex & Currencies. Lessons move from core definitions to real-world context and common failure points.
Reading in order is recommended, but each lesson stands on its own.
A clear explanation of leverage in the foreign exchange market, including how it is defined, why it exists, how brokers provide it, and the real mechanics of margin, financing, and risk with practical examples from major currency pairs. No strategies or recommendations.
A rigorous explanation of pips in foreign exchange: what a pip is, why the convention exists, how it fits within market structure and pricing, how pip value is computed across different currency pairs and account currencies, and how pips appear in spreads, slippage, and real-world operations.
A rigorous overview of liquidity in foreign exchange markets, covering its definition, role in market structure, economic purpose, measurement, and real-world behavior during calm and stressed conditions, with practical examples from recent history.
A currency peg is a policy arrangement that fixes the value of one currency to another currency or a basket. This article explains how pegs operate within the FX market structure, why governments adopt them, the instruments used to maintain them, the associated risks, and real-world examples.
A rigorous overview of the risks that are specific to the foreign exchange market, why these risks arise from the market’s structure and global role, and how they appear in real-world episodes across currencies and jurisdictions. The article clarifies liquidity fragmentation, leverage and margin mechanics, policy and sovereign risks, settlement and…
