Forex & Commodities
Traditional markets — beginner, intermediate, and advanced.
Beginner — Currencies & commodities
What is forex?
Forex is the market for exchanging national currencies. Pairs like EUR/USD show how many dollars one euro buys. It is the largest and most liquid market.
Major pairs
EUR/USD, GBP/USD, USD/JPY and USD/CHF are the majors. They have tight spreads and deep liquidity.
Commodities overview
Gold (XAU/USD) and oil are common commodities. Gold often acts as a safe haven; oil is sensitive to supply and geopolitics.
Pips & lots
A pip is the smallest price move in forex. A standard lot is 100,000 units. These terms define position size and profit/loss.
Intermediate — Drivers & sessions
Interest rates
Currencies with higher interest rates tend to attract capital. Watch central bank decisions and rate expectations.
Market sessions
London, New York and Tokyo sessions overlap during the day. The London-New York overlap is the most liquid.
Gold vs. USD
Gold and the US dollar usually move inversely. A weaker dollar makes gold cheaper for foreign buyers and can lift prices.
Oil supply factors
OPEC decisions, inventories, wars and weather all move oil. Supply shocks create fast, large moves.
Advanced — Macro & correlations
Carry trades
Borrow in a low-rate currency and invest in a high-rate currency. Profits come from the interest differential, but reversals can be violent.
DXY influence
The US Dollar Index (DXY) measures dollar strength. It inversely correlates with commodities and many risk assets.
Inflation & gold
Gold is historically used as an inflation hedge, but it can also fall when real rates rise. Watch yields, not just CPI.
Cross-asset flows
Money rotates between stocks, bonds, crypto and commodities. When one asset sells off, another often absorbs the capital.
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