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Currency

PIPS

Currency prices are subject to small fluctuations, which are measured in PIPS or percentage in point. PIPS represent the fourth decimal point of a price, typically equivalent to .0001. This may seem insignificant, but in the world of finance, even the slightest change can have a significant impact. To truly understand the intricacies of currency trading, it is important to grasp the concept of PIPS and their role in determining currency prices.

Spot/Next or S/N roll

When a spot settlement value date is moved forward to the next valid date, it impacts the profit or loss on an overnight position. This is known as a rollover, and it involv...

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Euro

The European Union, consisting of 27 countries, has a common currency known as the Euro. Among these, 14 countries have adopted the Euro as their national currency. These in...

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Day trader

A savvy investor who actively engages in the buying and selling of assets based on short-term fluctuations in market prices, is known as a day trader. This strategy involves ...

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Price

The purchase or sale rate of the underlying currency is known as the strike price. This is the agreed upon price at which the currency can be bought or sold. It serves as a ...

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