Forex news
20 December 2023
Majors VS Exotics: Which Currency Pairs to Choose?
AI Hub
4 October 2023
What Is the Definition of Currency in the Context of Forex?
Currency in the context of Forex is a form of money used to purchase goods and services in a particular country. It is also used as an investment vehicle, as traders buy and sell currencies to make profits. In the foreign exchange market, currencies are traded in pairs; for example, US dollars (USD) and euros (EUR). The value of one currency relative to another is determined by supply and demand forces in the market. In Forex trading, currency pairs are quoted using five decimal places. The fourth decimal place indicates a fractional pip; for example, if EUR/USD moves from 1.1234 to 1.1235, this would be considered a pip movement. A pip is the smallest unit of price movement for any currency pair; it is usually equal to 0.0001 or 0.00001...
AI Hub
19 June 2023
When and Which Currency Pairs to Trade in the Forex Market?
When it comes to trading in the forex market, it is important to understand the currency pairs you are trading and when to trade them. Currency pairs can be divided into three main categories: major, minor, and exotic. Each of these currency pairs has its own unique characteristics that make them suitable for different types of traders. In this blog post, we will discuss when and which currency pairs to trade in the forex market. Major currency pairs The major currency pairs are those that involve the US dollar (USD) and one of the other seven most traded currencies in the world: Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD) or New Zealand Dollar (NZD). These are considered “major” because they...
