What is Currency pair?
Currency pair: The price of one currency in another: the first is the base currency and the second the quote currency, so EUR/USD at 1.10 means one euro costs 1.10 dollars.
More terms
- Bid / Ask
- The bid is the price you can sell at and the ask is the price you can buy at; the gap between them is the spread.
- CFD
- A contract with your broker on the change in an instrument's price between opening and closing the trade, without owning the asset, usually...
- Copy trading
- A service that automatically copies another trader's positions into your account in a proportion you choose, with the risk still on your mon...
- Demo account
- An account with virtual money and real prices for trying a platform or strategy without risking your own money.
- Drawdown
- The fall in an account from its highest value to the lowest point after it, measuring a run of losses.
- ECN account
- An account that routes your orders to a network of liquidity providers, with raw spreads near zero plus a fixed commission per lot.