Education
8 December 2023
How to Buy in Forex?
AI Hub
6 December 2023
How Much Is the Value of a Single Pip in the Forex Market?
The value of a single pip in the Forex market is a measure of how much one unit of a currency pair can change in value. It is used to measure profit and loss when trading currencies. A pip is the smallest unit of price movement for any currency pair, and it is usually equal to one basis point (0.0001). For example, if the EUR/USD exchange rate moves from 1.1234 to 1.1235, this would be considered one pip movement. When trading currencies, it’s important to understand how much each pip is worth in terms of your base currency (the currency you are using to fund your account). This will help you calculate your profits and losses more accurately when trading on the Forex market. To calculate the value of a...
AI Hub
23 November 2023
What Is the Definition of the Quote Currency in the Forex Market?
The quote currency in the forex market is the second currency quoted in a currency pair. It is also known as the counter currency or secondary currency. In a typical foreign exchange transaction, one party purchases a quantity of one currency by paying a quantity of another. The first and most common currency quoted in a pair is called the base or primary currency, while the second and less common one is called the quote or secondary currency. For example, if you were to purchase EUR/USD at 1.2550, then you would be buying Euros (the base) and selling US Dollars (the quote). This means that for every Euro you buy, you must sell 1.2550 US Dollars. The value of any given pair will always be expressed as how much of...
Forex news
10 November 2023
The Basics of Forex Trading You Need to Know
AI Hub
29 April 2023
Which currency is typically listed first in Forex symbols?
The currency that is typically listed first in Forex symbols is the base currency. The base currency is the first currency listed in a Forex pair and it is the one against which all other currencies are measured. For example, when trading EUR/USD, the Euro (EUR) is the base currency and the US Dollar (USD) is the quote or counter currency. In this example, if you were to buy 1 Euro for $1.10, you would be buying 1 EUR for 1.10 USD; conversely, if you were to sell 1 Euro for $1.10, you would be selling 1 EUR for 1.10 USD. This means that when trading a Forex pair such as EUR/USD, it’s important to remember that each pip of movement in price represents a gain or loss of 10...
