A pip in forex is the smallest standardized price movement a currency pair can make, typically the fourth decimal place (0.0001) for most pairs and the second decimal place (0.01) for JPY pairs. Pip value depends on the currency pair, trade size, and account currency. Understanding pips is essential for calculating profit, loss, and risk […]
Forex Fundamentals
Forex Currency Pairs Explained: Base, Quote, Majors, Minors and Exotics
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- September 11, 2026
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A forex currency pair shows the value of one currency against another, expressed as an exchange rate. The first currency listed is the base currency, and the second is the quote currency. For example, in EUR/USD, EUR is the base currency and USD is the quote currency, meaning the price reflects how many U.S. dollars […]
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