The spread is one of the most basic — and most important — concepts in forex trading. At its core, the spread is the difference between the…

When you look at a forex quote you usually see two numbers. One of them is the ask price. In simple terms the ask is the price at which the…

What the bid price means The bid price in forex is the highest price a buyer is prepared to pay for the base currency in a currency pair. In a…

Understanding how currency pairs are quoted is one of the first steps in learning forex. Every price you see on a chart is an expression of…

The basic idea In the foreign exchange (forex) market every price is quoted as a pair of currencies. The base currency is the first currency…

Exotic currency pairs are simply currency combinations that include at least one currency from a smaller, emerging or less-liquid economy.…

Minor currency pairs — often called crosses — are simply forex pairs that do not include the US dollar. They pair two currencies that are both…

If you’re learning forex, one of the first things you’ll hear is “trade the majors.” Major pairs are the most traded currency combinations in…

A currency pair is the basic instrument of the foreign exchange (forex) market. Instead of trading a single currency on its own, forex traders…

The foreign exchange market—commonly called forex or FX—is where one currency is exchanged for another. At its simplest, forex is the system…