Tag: TradingTools

2. What are the Major Currency Pairs? TriumphFX Forex Educational Series

What are the Major Currency Pairs? The first listed currency of a currency pair is called the base currency and the second currency is called the quote currency. Major Currency Pairs are the most frequently traded as it constitutes about 85% of the forex market therefore they exhibit high market liquidity. Most of the major currency pairs involve the U.S. dollar paired with one of the other major currencies such as EURO / USD USD / JPY GBP / USD AUD / USD USD / CHF USD / CAD NZD / USD referring as FIBER GOPHER CABLE AUSSIE SWISSY LOONIE KIWI.

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As found on Youtube

5. What is Lot? TriumphFX Forex Educational Series

What is a Lot? Currencies were traded in specific amounts called lots. It is the transaction size in forex transaction which means the number of currency units that you will buy or sell. There are four different unit for each lots. The most common is standard lot. A standard lot worths 100,000 units of base currency. A mini lot worths 10,000 units of base currency. A micro and nano lot worth 1,000, and 100 units of base currency respectively. .

As found on Youtube