Forex
Plain-English guides with worked examples: how to read financial statements, value a business, use technical indicators and manage risk. See the complete Financial knowledge series →
All 154Market basics 15Trading and market structure 16Reading financial statements 15Ratios and business quality 15Valuation 15Advanced valuation and methods 15Technical analysis 15Portfolio, risk and behaviour 15Economy, sectors and the calendar 22Commodities 2Forex 5Hedge funds 3Rates and macro 1
Forex · 22 min read
Why Currencies Move: Balance of Payments, Interest Rates and Reserves
What moves exchange rates over days, years and decades: the balance of payments, rate gaps, inflation, trade, capital fl...
Forex · 23 min read
What Is Forex? How the Currency Market Works: A Beginner's Guide
Forex is the global market where currencies are exchanged. See how big it is, who trades, how a quote and a conversion w...
Forex · 24 min read
Carry Trade Explained: How It Works, Payoff and Unwind Risks
How a currency carry trade earns the gap between two interest rates, the payoff and break-even math, why parity theory s...
Forex · 22 min read
What Is a Pip? Pip Value, Lot Sizes, Spreads and Leverage Explained
A pip is the standard unit of price in forex: 0.0001 for most pairs, 0.01 for yen pairs. See pip value, lot sizes, sprea...
Forex · 22 min read
Purchasing Power Parity (PPP) and the Big Mac Index Explained
What purchasing power parity means, why exchange rates stray from it, how the World Bank measures it and how The Economi...
Educational only, not financial advice.