Forex basics

What Are Currency Pairs, Pips & Lots in Forex?

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currency pairs, pips, lot size

What are Currency Pairs? In forex, you always trade one currency for another currency — something like trading cash when you travel, but on the computer. That’s where currency pairs enter the picture. A pair will look like this: EUR/USD = 1.1050 This implies that one Euro is equal to 1.1050 US Dollars. A currency … Read more

10 Forex Terms that Every Beginner Should Know

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forex terms

If you’re new to forex trading, one thing you’ll soon come to notice is the odd terminology that trading sites, charts, and guides use. Don’t panic, though — you don’t need to be an expert in finance to start. Learning a few of the key terms will make you much more confident and prepared to … Read more