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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Despite a quiet holiday environment, we’ve actually got a potential short-term setup in the works on AUD/JPY ahead of top tier Chinese data.
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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 MoreYou can have all the money in the world, but there’s one thing you will never have… a dinosaur.Homer Simpson