Course summary

You now understand some of the mechanics behind financial trading.

Trading involves taking positions based on changes in financial-market prices.

Markets contain individuals, institutions, banks, businesses and other participants with different objectives.

Financial instruments commonly have separate buying and selling prices.

The difference between bid and ask represents an important transaction cost.

Liquidity describes how easily transactions can take place around available market prices.

Volatility measures the size and speed of price movements.

Brokers provide access to financial instruments and trading infrastructure.

Orders pass through trading systems before becoming positions.

Supply, demand, economic information and expectations influence prices.

Spreads, commissions, financing and other costs can affect trading results.

Understanding these concepts creates the foundation for the next FxGrow course:

Orders, Execution & Leverage