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A price interest point, point in percentage, point in price, or pip for short, is a price unit that measures the change in value between two currencies...

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In forex, the Bid price is the price that a trader is willing to sell a currency pair for. The Ask price is the price that a trader is willing to buy a currency pair at...

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The Spread is the difference between the Ask and the Bid price.  For example, if the EURUSD is trading at the exchange rates of 1.13090 and 1.13000...

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In foreign exchange, currencies are traded in pairs. For example, in EURUSD, the euro is the base currency, and the US Dollar is the quote currency.

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The most traded currency pairs in the foreign exchange market are known as the Majors. They account for most of the daily turnover in the market.

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The cross-currency pairs or cross rates as they are also known, combine currencies of the major economies but do not involve the US Dollar.

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The exotics are another group of currency pairs in the foreign exchange market. They combine a currency of an emerging economy.

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Foreign exchange, or forex and fx for short, is a decentralized global market where the world's currencies are traded. Forex is the largest financial...

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A Balance is the amount of money you have in your trading account. It is the amount of available funds in your account excluding any unrealized profit...

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Equity refers to the amount of money in your account including any unrealized profit and loss, commissions, credit, and swaps.