The foreign exchange market, or forex, is the largest in the world, with over $7 trillion traded each day. For beginners, the idea of making money by trading currencies can feel complex or even ...

Thinking of trading currencies? Before you dive in, it’s important to understand a few key concepts, starting with one of the most fundamental: pips, and how to calculate pips in Forex. A pip, short ...

A forex pair moves in increments of pips. The pip in most cases is the 4th decimal place or the ten-thousandths place in the quoted exchange rate. If the exchange pair is quoted in Japanese yen then a ...

Forex, short for foreign exchange, is the global marketplace where currencies are traded. It’s a dynamic space with constant ...

Open your trade journal. If you’re long AUD/JPY, CAD/JPY, and USD/JPY, you’re not diversified; you’re running a single “weak ...

There are many terms that are commonly used in forex, and it's important to know them in order to properly understand what is going on. There are many terms that are commonly used in forex, and it's ...