The Ins, Outs, Ups, And Downs Of Currency Trading

over 3 years ago10 mins

The Ins, Outs, Ups, And Downs Of Currency Trading

Why You Should Care About FX

Why give an eff about FX?

2 mins

Currency markets are big. Really, really big. In fact, they’re the biggest market in the world, with more than $5 trillion changing hands each day. They’re also old. Really, really old. After all, it’s nearly 2,000 years since Jesus got bolshy with the money changers in the Temple 🙏

Give me the lowdown. There are some 180 currencies around the world today. Whetherflorins in Aruba or Ethiopian birr, each pumps through their nation’s veins. That’s fine within a single country: a Malaysian shopkeeper can swap their ringgit for dinner down the road, and everyone’s happy.

But whenever we cross a border we hit a snag. A Nigerian naira isn’t much use at an American Walmart checkout. So what’s to be done?

Enter the currency markets (also known as “foreign exchange”,

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