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Foreign exchange rates are influenced by the political, economic, and financial fortunes of the markets they operate in.   In life, we fear that which we do not know. Knowing, and more importantly understanding, which direction foreign exchange rates are moving is the key to preventing the costly error of trading currencies at the wrong […]

An effective forex trading strategy does not have to be limited to only forward contracts. At times, Trading foreign currency directly in the spot market, at the current spot rate, is the most effective strategy for a business to minimize its costs or maximize its profits. Sometimes, it can be more profitable to execute a […]

The first step in understanding foreign currency exchanges is to have a grasp of the concept of spot rates and forward rates (also known as forward contracts), and the difference between the two. A spot rate is a currency’s foreign exchange rate at the present moment in time. It is a static price of the […]