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Forex Trading Terminology Explained by Kiran Krishna is a document available to read on EtoBox.

This document defines 10 common terms used in forex trading: 1. Pip - The smallest price change in a currency pair, usually the fourth decimal place. 2. Spread - The difference between the bid (sell) and ask (buy) prices charged by brokers. 3. Bid and ask prices - The prices at which traders can buy or sell a currency, with the ask price always higher. 4. Lot size - The standard unit of trading, with one lot equal to 100,000 units of currency. Smaller micro and mini lots are also available. 5. Slipp

Author

Kiran Krishna

Language

EN