Who we are
About The Currency Stack
About $9.6 trillion changes hands in the foreign exchange market every day (Bank for International Settlements, April 2025). Yet much of the free material explaining how that market works is published by firms that earn money when you trade.
The Currency Stack is the alternative: an independent education and research site for foreign exchange, precious metals, and crypto. It explains how these markets work from the inside, in language a motivated newcomer can follow, and it has nothing to sell you but understanding.
01
Who Is Behind It?
The Currency Stack is written by an industry insider from institutional markets, and it is deliberately anonymous. That keeps attention on the explanation rather than the author. In place of a name, the site offers a standard you can check for yourself: plain explanations of the mechanics and named sources for the figures.
It is written for someone preparing to hold their own on a trading desk. That includes self-directed traders who have outgrown broker content, students and exam candidates, and graduates heading into banking, treasury, or fintech.
02
Independent by Design
No commercial ties
There is no broker funding, no affiliate links, no advertising, and no sponsored content. The site is paid for by its members.
No trade calls
Nothing here tells you what to buy or sell. Where we describe how markets have typically reacted, that is evidence from history, not a forecast. The aim is to explain why markets move and what professionals watch.
Primary sources
Figures come from sources such as the Bank for International Settlements, central banks, and national statistics offices, and each article names them.
Corrections
If you spot an error, tell us through the contact page. We will fix it and note the change.
03
What Is Free, and What Membership Adds
Free to everyone
The explainer articles, from what “spot” really means to who actually trades FX; a glossary of more than 200 terms; the economic calendar; and live rates. A free account adds The Week Ahead by email every Sunday evening, and the Currency Compass is open to everyone.
For members
A Morning Briefing every weekday, emailed by 06:00 UK time, covering what moved in the last 24 hours, why, and what matters in the session ahead; The Week That Was on Saturdays and the full Week Ahead on Sundays; a “why it matters” note on each economic release; the currency reference tools; and the full archive.
New here?
What Is the FX Market? is a good place to start. You can create a free account, with no card required, or see what membership includes.
04