Log in
/ Pair

Pair

Copytrade Forex news Blog Company news Education AI Hub 📙 Forex for beginners
📙 Forex for beginners
Copytrade Forex news Blog Company news Education AI Hub
AI Hub 15 December 2023 What Does the Term ‘Midweek Reversal’ Signify in Regards to Forex? The term ‘midweek reversal’ is used to describe a phenomenon that occurs in the forex market when the price of a currency pair reverses direction after reaching its peak during the middle of the week. This is often seen as an indication that the market sentiment has shifted and that traders are now looking for opportunities to buy or sell in anticipation of future price movements. To understand midweek reversals, it’s important to understand how currency pairs are priced. In general, currencies are traded in pairs – one currency is bought while another is sold. The value of each currency pair is determined by factors such as supply and demand, economic conditions, and geopolitical events. As these factors change throughout the week, so does the value of each currency pair....
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...
AI Hub 6 May 2023 What is the purpose of a buy limit order in forex trading? The purpose of a buy limit order in forex trading is to ensure that an investor does not pay more than the desired price for a currency pair. This type of order allows traders to set a maximum purchase price, which helps them manage their risk and protect their profits. In forex trading, buy limit orders are used when an investor believes that the price of a currency pair will fall before it rises. By setting a buy limit order, they can guarantee that they won’t pay more than the specified amount for the currency pair if it does indeed fall in value. This helps them to avoid overpaying and ensures that they can still make a profit even if the market moves against them. Let’s look at an example...
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...