What Are Pips in Forex Trading?

What Are Pips in Forex Trading?

In the fast-paced world of foreign exchange trading, understanding the fundamental measurements is essential for success. One of the most basic yet crucial concepts for any forex trader to grasp is the “pip.” This seemingly small unit of measurement plays an enormous role in determining profits, losses, risk management strategies, and overall trading performance. The […] The post What Are Pips in Forex Trading? appeared first on NorthEast Now.

The Impact of Global Events on Forex Markets: What Traders Need to Know

The forex market with its staggering daily trading volume of over $6 trillion, is heavily influenced by global economic events. These events often act as catalysts, driving currency movements and creating opportunities for traders. For anyone involved in forex trading, understanding how major economic indicators and events impact currency prices is crucial. This post is designed to shed light on the ways global happenings affect forex markets, h…

In our day-to-day economy, the foreign exchange market, known around the world as Forex, has a decisive influence. In an increasingly interconnected world, many people decide to open a trading account to make investments in different currencies in various countries. Before starting, it is important to learn how to deal with finance in this market. There are several platforms, such as Exness, that allow us to operate intuitively, as it offers pro…