These currency pairs fluctuate all the time due to various economic factors, including supply and demand, different economic indicators, commercial and hedging activity, and hedge fund or financial trading. The changes amount to just fractions of a currency's value, known as "pips" among currency ...
UK forex brokers appeal to both novice and advanced traders, thanks to flexible account options, low minimum deposits, and a variety of tradable assets, from forex pairs to CFDs on stocks and commodities. « Previous Next » About Ezekiel Chew Ezekiel Chew, founder and head of training ...
How to Read Currency Pair in Forex Market? Unlike the stock market, where investors get a single rate, the prices in theforeign exchangemarket are quoted in pairs, i.e., the price or the quote always talks about two currencies. This quotation of the price of currencies in pairs is what ...
Next, we need to clarify how to readcurrency pairsand why we use a three-letter quotation system. How to Read and Understand Forex Quotes The standard quotation system uses a three-letter abbreviation system and will always involve two currencies where the first currency listed on the left is...
That restricts your trades to dollar fundamentals, sometimes at the expense of the fundamentals of the other side of the trade. Traders can expand their opportunities by trading cross pairs. The U.S. dollar is the reserve currency of the world and as such, its fundamentals and technicals are...
Forex Trading Basics For the uninitiated, what is forex trading? Your goal is to capitalize on minute price movement between currency pairs. There are trillions of dollars moving in the market every day. Surely, as a retail investor, you can make some money in this massive flow of cash. Fo...
Learn how to trade Forex with our ultimate and updated beginner's guide. Discover what are currency pairs, what is the spread, lots, pips in Forex, learn about money management, the mistakes to avoid, and much more! Get insights from professional traders and learn all the basics that every...
No professional trader wakes up and buys or sells a random pair because he or she feels like it. Trading professionally requires deep knowledge of the currency pairs that you're going to trade. Every currency pair is different: they have different trading volumes, different liquidity, different ...
The four major pairs are the most-traded currency pairs in the global forex market: EUR/USD, USD/JPY, GBP/USD, and USD/CHF. There are also three currency pairs known as commodity pairs, which are highly traded due to their heavily commodity-based economies: USD/CAD, AUD/USD, and NZD/...
Access to these forex markets can be found through any of themajor forex brokers. How to Read a Currency Pair It’s important to understand how to read a currency pair. In the ordering of a currency pair, the currency listed on the left is the currency being purchased. It always represen...