When trading Forex, it is essential to know about the different types of currency pairs, as some pairs are much riskier to trade than others, especially for those with minimal trading experience.
Major Currency Pairs
Before we discuss major currency pairs, we should first list the major currencies individually. The eight major currencies are:
US dollar...
Hello hello! In this post, we'll take a look at the basic principles behind the spread in forex market and why it is important.
In the foreign exchange market, the spread is the difference between the bid price and the ask price for a particular currency pair. The bid price is the highest price that a market maker is willing to pay for a currency, while the ask...