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What is the spread in forex trading ?

For each currency pair, forex brokers will provide you two separate prices: the bid and ask price.  The " bid " is the price at which the base currency can be SOLD. The " ask " is the price at which the base currency can be purchased. The spread is the difference between these two prices. Also referred to as the " bid/ask spread ."  What is the spread in forex trading ? Brokers who do not charge commissions rely on the spread to make money. This spread represents the cost of enabling instantaneous transactions. This is why " transaction cost " and " bid-ask spread " are interchangeable terminology. The cost of making a trade is included into the buy and sell price of the  currency pair  you want to exchange, rather than being charged separately. This makes sense from a business aspect. The broker provides a service and must earn a profit in some way. They profit by selling the currency to you for a higher price than they purchased for i...
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New Covid Cases Have Been Reported In Beijing, Reigniting Fears Of A Lockdown

  New Covid Cases Have Been Reported In Beijing, Reigniting Fears Of A Lockdown An earlier report mentioned that the Shanghai district is required to close all shops and residents must stay at home. Currently, Bloomberg reports that, during its current COVID outbreak, the Beijing city has reported a record number of COVID cases. Therefore, while reviving the crisis, the Chinese officials are planning to implement a lockdown in the capital city of China as they don’t want to see any community out spread of the COVID virus in the future. On Sunday, the city of Beijing reported 99 COVID cases, up from 61 on Saturday. The Bloomberg report warns that the total number of COVID cases might be low, but since the COVID outbreak started, the rise seems to be one of the biggest. This will exacerbate the lockdown crisis, and it may be resurrected through financial markets, which are scaling on risk appetite, and currencies such as the Australian dollar, which trades as an intermediate. However...
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What is a pip in forex trading?

A "pip" is a unit of measurement used to describe the difference in value between two currencies. A .0001 USD increase in value equals ONE PIP if EUR/USD increases from 1.1050 to 1.1051. The last decimal place of a pricing quote is commonly referred to as a pip. There are rare outliers, such as Japanese yen pairs, which go to four decimal points (they go out to two decimal places). For example, it is 0.0001 for EUR/USD and 0.01 for USD/JPY. A "pip" is a unit of measurement used to describe the difference in value between two currencies. A .0001 USD increase in value equals ONE PIP if EUR/USD increases from 1.1050 to 1.1051. The last decimal place of a pricing quote is commonly referred to as a pip. There are rare outliers, such as Japanese yen pairs, which go to four decimal points (they go out to two decimal places). For example, it is 0.0001 for EUR/USD and 0.01 for USD/JPY. What is a Pipette?  There are forex brokers who quote currency pairings to "5 and 3...
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