Currency correlation is how two currency pairs move together or in opposite directions. See how beginners can use it to build a simpler forex strategy.
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A currency pair is the value of one currency against another, since forex is always traded in pairs. See how pairs work and how they relate to each other.
Exotic currencies are thinly traded currencies from emerging markets, with low volume, high volatility and poor liquidity. See what that means for traders.
A cross currency pair is two currencies traded against each other without the US dollar. See common examples and how crosses differ from the major pairs.
The major forex pairs are EUR/USD, USD/JPY, GBP/USD and USD/CHF, the most heavily traded pairs in the world. See what sets them apart from other pairs.