Beginners Education

What is a Bid Price/What is an Ask Price?

What is a Bid Price/What is an Ask Price?

The Bid price is the price a forex trader is willing to sell a currency pair for. Ask price is the price at which a trader will buy a currency pair. Both of these prices are given in real-time and are constantly updating. So for example, the British pound against the...

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What is Forex Spread?

What is Forex Spread?

A bid-ask spread is the amount by which the ask price surpasses the bid price for an asset in the market. Essentially a spread is the difference between the ask price and the bid price. In other words, it is the cost of trading. For instance, if the Euro to US dollar...

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What are Base and Quote Currencies?

What are Base and Quote Currencies?

In forex, currencies are always traded in pairs. The first currency is called the base currency and the second currency is called the quote currency. For example, EURUSD, means that the base currency is the Euro and the quote currency is the US Dollar. The quote...

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What are the “Major” trading currency pairs?

What are the “Major” trading currency pairs?

In foreign exchange (Forex or FX) you exchange one currency for another with the intention of making a profit. The "Majors" in Forex are the seven most traded currency pairs. The Majors share certain characteristics that make them more popular for traders. These...

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Bitcoin breaks through  $40,000. What’s moving the market?

Bitcoin breaks through $40,000. What’s moving the market?

Bitcoin is the world’s largest cryptocurrency by market capitalization and is now on rise again pushing over the $40,000 mark for the first time since late May. As you can imagine, the CEO of Tesla, Elon Musk has a lot to do with this price increase. Elon Musk, suggested over the weekend that the electric car manufacturer could start using the digital currency as payment once more just a few weeks after ruling it out because of its allegedly unsuitable energy usage involved in mining.

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How to survive a stock market crash

A bear market refers to a widespread decline in asset prices of at least 20% from recent highs. Clearly, these times are nothing to look