What is a Base and Quote Currency?
Market AnalysisThe base currency is the first currency listed in a currency pair, such as USD/EUR, where the U.S. dollar (USD) is the base currency. The second currency in the pair is known as the quote or counter currency. If you are "long" on the currency…
What is a Pip?
Market AnalysisA pip in forex trading is the smallest whole unit price move that an exchange rate can make, based on market convention. It is commonly understood as one-hundredth of 1% (0.0001) and is reflected in the fourth decimal place of most currency…
What is Leverage in Forex?
Market AnalysisLeverage is the use of borrowed funds, known as capital, to invest in a currency, stock, or security. In forex trading, leverage is a commonly used tool that allows traders to open positions larger than their initial capital would otherwise…
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