The values of currencies shift over time. You can find currency converter programs online to check theexchange rates, or how much of one currency you get for another, between different currencies. Type or select the name or abbreviation of the two currencies in the appropriate places to see ho...
Trader A and Trader B have USD 10,000 at their disposal. Their broker has a 1% margin deposit and they both decided to go for the USD/JPY market. They believe that the currency pair would hit a top and drop off in value very soon. So, they go short at 120. ...
you'll see that they have some of the lowest commission charges in the market. For example, the EUR/USD currency pair will come with very tight spread trading opportunities because it's the most popular and widely-used currency pair and there are tons of liquidity providers, as well as tr...
What are currency and currency pair correlations: This knowledge can be used to test strategies on correlated pairs, to diversify risks and to hedge.
What does a multicurrency account do? A multicurrency account allows you to send and receive funds in several supported currency options. Additionally, you can use the account to hold different currencies and make the most of currency exchange rates. What is an example of a multicurrency ...
JPY To AUD Euro To JPY RUB To USD What isForex? Forex is an abbrevation for Foreign Exchange. This market is decentralized and works 24/5. Forex contains trading of two assets - a pair of currencies or a pair of currency and a commodity or a precious metal. All of transactions are ...
How Does a Multi-Currency Account Work? A multi-currency account works similarly to a bank account. However, you can hold, send, and receive money in various currencies in one account. To illustrate this, imagine you are running an ecommerce business based in Hong Kong that sources products...
Japanese yen (JPY) pairs are quoted with two decimal places, marking a notable exception to the four decimal place rule.1For currency pairs such as the EUR/JPY andUSD/JPY, the value of a pip is 1/100 divided by the exchange rate. For example, if the EUR/JPY is quoted as 132.62, o...
currency pairs such as the EUR/JPY andUSD/JPY, the value of a pip is 1/100 divided by the exchange rate. For example, if the EUR/JPY is quoted as 132.62, one pip is 1/100 ÷ 132.62 = 0.0000754. With a lot size of 100,000 euros, the value of one pip (in USD) would be $...
Swedish Korner, and Swiss Franc. The index was created in 1973, but remains useful to this day. The USDX can be used as a proxy for the health of the U.S. economy and traders can use it to speculate on the dollar's change in value or as a hedge against currency exposure elsewhere...