What is a pip in forex?
Understanding what a pip is will make the difference between reading price moves as numbers and reading them as real gains or losses. In forex…
What is the spread in forex?
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…
What the Ask Price Means in Forex
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…
Bid Price in Forex: What It Is and Why It Matters
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…
What Is the Quote Currency in Forex?
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…
What Is the Base Currency in Forex?
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…
What are Exotic Currency Pairs in Forex?
Exotic currency pairs are simply currency combinations that include at least one currency from a smaller, emerging or less-liquid economy.…
What are Minor Currency Pairs in Forex?
Minor currency pairs — often called crosses — are simply forex pairs that do not include the US dollar. They pair two currencies that are both…
Major Forex Pairs: What They Are and Why Traders Watch Them
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…
What is a Currency Pair in Forex?
A currency pair is the basic instrument of the foreign exchange (forex) market. Instead of trading a single currency on its own, forex traders…