The foreign exchange market, commonly known as forex or FX, is the global marketplace where currencies are traded. It operates 24 hours a day, five days a week, and is the largest financial market in ...
which are actively traded from Sunday evening to Friday afternoon in the U.S. Forex traders typically focus on the EUR/USD pair due to its liquidity and tight spreads, with trading strategies working ...
Forex trading is decentralized—currency trades ... with a pair representing the exchange rate between the two components. EUR/USD, for example, references the relationship between the euro ...
Stop-loss: As you are testing the waters in regard to forex trading, you set a tight stop-loss of 50 pips on your long USD / short EUR position. This means that if the stop-loss is triggered ...