Commentary

You will need to understand how to properly read a currency pair quote before you start trading them. So, let’s get started with this: The exchange rate of two currencies is quoted …

If you are looking to trade forex, you should know what the major forex pairs are and their nicknames. The chart below shows the major forex pairs and their nicknames.

The difference between the sell quote and the buy quote or the bid and offer price. For example, if EUR/USD quotes read 1.3200/03, the spread is the difference between 1.3200 …

The deposit required to open or maintain a position. Margin can be either “free” or “used”. Used margin is that amount which is being used to maintain an open position, …

Leverage is the ability to gear your account into a position greater than your total account margin. For instance, if a trader has $1,000 of margin in his account and …

If you are interested in trading forex, you will need to know what an exchange rate is. An exchange rate is one of the basic forex trading terms. An exchange …

The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is …

A pip is a common term in trading forex. However, you may not know what it means. A pip is the smallest increment of price movement a currency can make. …

Forex trading as it relates to retail traders (like you and I) is the speculation on the price of one currency against another. For example, if you think the euro is …