Interbank market
The network of large banks that trade currencies directly with one another. It sets the prices that brokers pass on to retail traders.
Related terms
Liquidity provider
A bank or institution that streams prices and fills orders for…
Liquidity
How easily a currency can be bought or sold without moving the…
Forex (FX)
Short for foreign exchange: the global over-the-counter market…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…