Exotic currencies are thinly traded currencies from emerging markets, with low volume, high volatility and poor liquidity. See what that means for traders.
Forex, stocks, crypto, options and commodities – what you trade, as opposed to how.
Markets & Products
Forex, stocks, crypto, options and commodities – what you trade, as opposed to how.
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A cross currency pair is two currencies traded against each other without the US dollar. See common examples and how crosses differ from the major pairs.
The major forex pairs are EUR/USD, USD/JPY, GBP/USD and USD/CHF, the most heavily traded pairs in the world. See what sets them apart from other pairs.
The base currency is the first currency in a pair and the quote currency is the second. See how forex prices are quoted and what going long or short means.
A pip is the smallest standard price move in a currency pair, usually 0.0001, or the fourth decimal place. See how pips work, with worked examples.