The Forex market is very active, with trillions traded every day. It’s key to know about the base currency in trading. For example, USD stands for the U.S. dollar. The base currency is the first one in a pair, like EUR in EUR/USD. It tells us how much of the second currency is needed to […]
Ever wondered how the bid-ask spread in the forex market can earn dealers a $500 profit per trade? Let’s say you purchase EUR 5,000 at USD 1.40 each euro. It will cost you USD 7,000. But, if you sell EUR 5,000 at USD 1.30 per euro, you get USD 6,500. This scenario shows why knowing […]
Embark on your currency trading journey with our step-by-step guide to Forex for beginners—master the basics to trade confidently.