Forex brokers quote two different prices for currency pairs: the bid and ask price. The “bid” is the price at which you can sell the base currency. The “ask” is the price at which you can buy the base currency. The difference between these two prices is known as the spread. The spread is how “no commission” brokers make their…
Here is where we’re going to do a little math. Just a little bit. You’ve probably heard of the terms “pips,” “pipettes,” and “lots” thrown around, and now we’re going to explain what they are and show you how their values are calculated. Take your time with this information, as it is required knowledge for…
Forex is arguably the most significant financial market in the world, with a daily turnover of over $5 trillion. Commonly referred to as foreign exchange, Forex is the art of buying or selling one currency in exchange for another. The exchange process, which goes around the world, is what results in the biggest market in…
Forex is arguably the most significant financial market in the world, with a daily turnover of over $5 trillion. Commonly referred to as foreign exchange, Forex is the art of buying or selling one currency in exchange for another. The exchange process, which goes around the world, is what results in the biggest market in…
