Forex Factory is designed for professional traders participating in the foreign exchange markets. Its mission is to connect traders — to the markets and to each other — in ways that positively influence their trading results. The ideal is that every trader comes away from every visit with fresh ideas, more knowledge, and heightened market awareness.
Forex Factory is not only dedicated to supporting traders, but also to defending against all that misinforms, deceives, or otherwise disadvantages traders. At Forex Factory, distinguishing the phony from the real is high priority.
The vision is for Forex Factory to be the purest, most insightful forex-trading resource in the world. The most valuable information will be exchanged on these pages, accessible to every trader, at the same exact time, regardless of location, citizenship, or financial standing.
Forex trading, also known as foreign exchange or FX trading, is the conversion of one currency into another. FX is one of the most actively traded markets in the world, with individuals, companies and banks carrying out around $6.6 trillion worth of forex transactions every single day.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken by forex traders to earn a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile – which is something to be aware of before you start forex trading.
A forex pair is a combination of two currencies that are traded against each other. There are hundreds of different combinations to choose from, but some of the most popular include the euro against the US dollar (EUR/USD), the US dollar against the Japanese yen (USD/JPY) and the British pound against the US dollar (GBP/USD).
Crypto market cap can be divided into three categories: