Forex terminology includes key terms like currency pairs, pips, spreads, leverage, margin, and order types that every trader must understand to trade confidently and effectively. Mastering these terms, with support from platforms like WikiBit, enhances market analysis, execution, and risk …
Bid and ask prices are the fundamental rates that define the buying and selling prices of currency pairs in the forex market. The bid price is the highest price a buyer is willing to pay, while the ask price is …
Spread in forex is the difference between the buying price (ask) and selling price (bid) of a currency pair, representing the primary cost of trading. It fluctuates based on market liquidity, volatility, and broker policies. Understanding spread is crucial as …
A pip is the smallest standardized price movement in a forex pair, usually at the fourth decimal place. A pipette is one-tenth of a pip, measuring even finer price changes. Both are crucial for accurately calculating profits, losses, and risk, …