The Basics of Trading

1. Account Types An account type refers to the different categories of trading accounts provided by brokers. Common types include Demo Accounts, Live Accounts, and Challenge Accounts. Each account type may differ in terms of leverage, trading conditions, commissions, and specific operational…

1. Account Types 1.1 ECN Account An ECN (Electronic Communication Network) account connects trades directly to banks and institutional liquidity providers. Spreads are typically very low, while commissions are charged per trade. This account type provides high transparency and fast execution, making…

1. What Is Forex? (Major vs Minor Currency Pairs) Forex, short for “foreign exchange”, is the global marketplace where currencies are bought and sold. It’s the largest and most liquid financial market in the world, with trillions of dollars traded every single…

1. What Is Cryptocurrency? (Major vs Altcoins) Cryptocurrency is digital money secured by cryptography and decentralised networks. Unlike Forex, crypto is not issued by governments, but operates on blockchain technology. Every crypto trade involves buying one token with another, often paired with…

1. What Is Gold Trading? (XAU/USD and Other Pairs) Gold's symbol spelt as "XAU", why is this? "X" signifies a non-monetary asset, and "AU" comes from Aurum, the Latin word for gold. Gold trading, often denoted as XAU, involves buying and selling…