Forex Currency Pairs

What is a pip in forex trading?

What is a pip in forex trading? In forex trading, a pip stands for “percentage in point” or “price interest point.” It’s a standardized unit of measurement for expressing the change in value between two currencies. Most currency pairs are quoted to four decimal places, with the pip being the smallest incremental move. For example, […]

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Most Common Forex Trading Strategies

Most Common Forex Trading Strategies What are the most common Forex trading strategies trader employ? Forex trading strategies are varied and cater to different trading styles and risk tolerances. Traders employ these strategies to make informed decisions on entering and exiting positions. The number of traders using each specific strategy in the forex market is […]

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Major Forex Exchanges with Their Open and Close Hours

Major Forex Exchanges with Their Open and Close Hours The forex market operates globally, and it is decentralized, meaning there is no central exchange. Instead, trading is conducted over-the-counter (OTC), with various financial centers around the globe serving as major hubs for forex activity. These financial centers are called “forex exchanges.” What are Forex Exchanges? […]

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