Trading
The foreign exchange market, also referred to as forex or FX, is the global currency trading market. It is the largest, most liquid financial market in the ...
Fri, 3 May, 2019 at 5:45 PM
A currency pair consists of a base currency and a quote currency (or counter currency). It is a way to display and price one currency against another. ...
Fri, 3 May, 2019 at 5:45 PM
The most frequently traded currency pairs in the world are called the majors. These pairs all contain the U.S. dollar (USD) on one side. The major curre...
Fri, 3 May, 2019 at 5:46 PM
A minor currency pair is one which does not contain the US dollar. These pairs are also known as a “cross-currency” pairs or simply as “crosses”. Exampl...
Fri, 3 May, 2019 at 5:46 PM
A pip (percentage in points) is the term used in the forex market to represent the smallest incremental move an exchange rate can make. For example, if ...
Fri, 3 May, 2019 at 5:47 PM
Currency pairs are traded in specific amounts called lots, which are the number of currency units you wish to buy or sell. The standard size for a lot i...
Fri, 3 May, 2019 at 5:47 PM
The bid price represents the price that a buyer is willing to pay. For example, if you are in a long EUR/USD position, and you now want to exit right no...
Fri, 3 May, 2019 at 5:47 PM
The Ask price represents the price that a seller is willing to accept. For example, if you want to open a new trade and go long EUR/USD, the ask price i...
Fri, 3 May, 2019 at 5:47 PM
The spread is the difference between the Bid and the Ask price. The bid is the price in the market that a buyer will pay, and the ask is the price a sel...
Fri, 3 May, 2019 at 5:48 PM
An uptick is a new price quote higher than the previous quote. For instance, if EUR/USD traded at $1.1510, and the next trade occurs at a price above $1...
Fri, 3 May, 2019 at 5:48 PM