He/she may begin trading with euros and purchase GBP/USD, because his/her euros are converted into US dollars, which are then used to buy British pounds. What is a pip? In Forex trading, the movement in prices of currency pairs is measured in ”pips”. A pip is an acronym for the ...
You will see these basic terms used time and again during forex trading. Hence, knowing about these terms will help trade efficiently in the forex market. Some of the important forex terms are: Img source: pexels.com Ask: This is the price you will pay when you buy a currency. You will...
Pips are the smallest unit of measurement in forex trading.They represent the price movement of a currency pair and are used to calculate profits and losses. Most currency pairs are quoted to four or five decimal places, and the pip is the fourth or fifth decimal place. For example, a mov...
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Economic Terms - Hedge Fund: An investment fund that will invest in almost any market. forex trading
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The terms "weak dollar" and "strong dollar" are used to describe the current value of U.S. currency in comparison to other major currencies. The values of about 170 currencies fluctuate constantly in the foreign exchange, or Forex, markets. However, just four currencies are used as benchmark...