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...
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MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by Meta Quotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to...
