Understanding Pips, Lots, and Leverage in Forex – Beginner’s Guide

leverage

If you are new to forex trading, terms like “pips”, “lots” and “leverage” may be confusing to you. But it is very important to understand these basic concepts, as they are the foundation of your trading journey. If you understand these three terms well, you will be able to accurately calculate trade size, risk and … Read more

Major vs Minor vs Exotic Currency Pairs: What’s the Difference?

currency pair

Forex trading is the world’s largest financial market, with trillions of dollars exchanged every day. But if you’re a beginner, the first thing you need to understand is what currency pairs are and which category of them – Major, Minor or Exotic – is best for you. In this blog, we’ll take a closer look: … Read more