What Is Spot FX? A Beginners Guide
Institutional forex trading takes place directly between two parties in currency trading strategies an over-the-counter (OTC) market. Meaning there are no centralized exchanges (like the stock market), and the institutional forex market is instead run by a global network of banks and other organizations. Forex trading is the means through which one currency is changed into another. When trading forex, you are always trading a currency pair—selling one currency while simultaneously buying another. A pip is a unit of measurement...