The Forex and stock market are two important pieces of the global economy. The Forex market is where currencies are traded, while the stock market is where stocks (pieces of ownership in businesses) are traded. Both markets can be used to invest money, with...
In the context of forex (foreign exchange) trading, a "pip" stands for "percentage in point" or sometimes "price interest point." It is a standardized unit of measurement used to quantify changes in the exchange rate between two currencies. Pips are typically used to express...
Swing trading is a speculative trading strategy in financial markets where a tradable asset is held for between one and several days in an effort to profit from price changes or 'swings'. A swing trading position is typically held longer than a day trading position, but shorter than buy and hold investment...
Forex trading, short for foreign exchange trading, has become one of the most popular and accessible ways to participate in the global financial markets. With a daily trading volume exceeding $6 trillion, it dwarfs other financial markets like stocks and commodities. However, despite its...
Forex brokers will quote you two different prices for a currency pair: the bid and ask price. The “bid” is the price at which you can SELL the base currency. The “ask” is the price at which you can BUY the base currency. The difference between these two prices...
What is PIP?
A pip is a unit of measurement used in the foreign exchange market. It is equal to 1/100th of a percent and is used to measure the change in value between two currencies. For example, if the value of the euro increases...
