Browsing: Learn Forex

A pip (percentage in point) is the smallest price movement in the forex market, used to measure price changes between two currencies. Most currency pairs are quoted to four decimal places, meaning that one pip is equal to 0.0001. However, pairs involving the Japanese yen (JPY) are quoted to two decimal places, making one pip equal to 0.01.

Forex trading involves speculating on whether a currency will strengthen or weaken against another currency. To make profitable trades, traders must analyze economic, political, and financial factors that influence currency prices.

The forex market, also known as FX or foreign exchange, is the largest financial market in the world where banks, financial institutions, and individuals trade fiat currencies. It operates 24 hours a day, five days a week, allowing traders to speculate on currency exchange rates.

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What is Forex?Forex is essentially a global financial market where different currencies are bought and sold.If you believe that one…