The beginner's guide to FX trading
The most common price increment of currencies is known as the “pip.”
It is the smallest value change in a currency pair exchange rate.
For instance, if the EUR/USD moves from 1.2250 to 1.2251, that is ONE pip. A pip is the last decimal place of a quotation.
A positive or negative pip value is how you measure your profit or loss.
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The euro was on the receiving end of a severe beat-down during the session, thanks to the latest batch of PMI reports for Germany, France, and the Euro Zone as a whole, which all failed to meet expectations.
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I’ve been getting a lot of questions about the basic economic reports and how they can affect forex price action. Here’s a list of the common ones that you should at least know about!
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We’ll focus on GBP/USD as today’s fresh momentum from Brexit developments and negative risk sentiment may have legs into the next session.
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GBP/USD hits the top of list of pairs to watch with the latest monetary policy decisions from both the Federal Reserve and Bank of England coming very, very soon
Read MoreIt's choice - not chance - that determines your destiny.Jean Nidetch