FX terms can often confuse novice traders. In this article, we help you make sense of what the terms long, short, bid, and ask mean. Read more >>
Even though all forex trades involve the simultaneous buying of one currency whilst selling another, it is much easier to think of a currency pair as a single unit, or an item that is bought and sold. Read more >>
The PIP spread is the gap between the rate you sell a currency at compared to what you can buy the same currency for. Once again, you can see this by examining the table above. The Sell rate for the EUR/USD is 1.3087 vs. a buy rate of 1.3090. Read more >>