The Forex Capital Market of the World

Forex trading involves trading in currency pairs. There’re a number of attributes to consider, including buy and sell rates, liquidity, and offshore financial centres. Large lot sizes may discourage some traders. Fortunately, there are many ways to participate in the forex market without having to put up a large sum of money upfront. Leverage, or […]

Microstructure of Currency Markets

The foreign exchange market turns out to be the largest financial market in the world. Conventional macroeconomic theories do not account for why people trade in foreign exchange, and they do not explain the short-run determinants of the exchange rate. In the absence of a detailed model of the determinants of short-term fluctuations, it is […]

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