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    • What is a Lot?

      • A lot is a transaction unit on the market. One standard lot contains 100,000 units of base currency.
      • For example, one standard lot of EUR/USD equals 100,000 EUR. Bear in mind that on Cent accounts you trade cent lots, where one cent lot equals 1,000 units of base currency.
      • The minimum lot which can be opened on the MetaTrader4 platform is 0.01.
    • Which currency is basic and counter currency in the pair USD/JPY?

      • The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).
    • What is the Level of Order?

      The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).

    • What is a "Swap"?

      This is a fee that the client has to pay to keep a position open overnight. From Wednesday to Thursday swaps are calculated in triple size (for the weekend).

    • What is a "Pip"?

      • The unit of measurement to express the change in value between two currencies is called a “pip.”.
      • A pip is usually the last decimal place of a quotation.
      • If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
    • What is a "Pipette"?

      • There are brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places.
      • They are quoting FRACTIONAL PIPS, also called “pipettes.”
      • For instance, if GBP/USD moves from 1.30542 to 1.30543, that .00001 USD move higher is ONE PIPETTE.
    • What is a Lot?

      • A lot is a transaction unit on the market. One standard lot contains 100,000 units of base currency.
      • For example, one standard lot of EUR/USD equals 100,000 EUR. Bear in mind that on Cent accounts you trade cent lots, where one cent lot equals 1,000 units of base currency.
      • The minimum lot which can be opened on the MetaTrader4 platform is 0.01.
    • Which currency is basic and counter currency in the pair USD/JPY?

      • The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).
    • What is the Level of Order?

      The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).

    • What is a "Swap"?

      This is a fee that the client has to pay to keep a position open overnight. From Wednesday to Thursday swaps are calculated in triple size (for the weekend).

    • What is a "Pip"?

      • The unit of measurement to express the change in value between two currencies is called a “pip.”.
      • A pip is usually the last decimal place of a quotation.
      • If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
    • What is a "Pipette"?

      • There are brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places.
      • They are quoting FRACTIONAL PIPS, also called “pipettes.”
      • For instance, if GBP/USD moves from 1.30542 to 1.30543, that .00001 USD move higher is ONE PIPETTE.
    • What is a Lot?

      • A lot is a transaction unit on the market. One standard lot contains 100,000 units of base currency.
      • For example, one standard lot of EUR/USD equals 100,000 EUR. Bear in mind that on Cent accounts you trade cent lots, where one cent lot equals 1,000 units of base currency.
      • The minimum lot which can be opened on the MetaTrader4 platform is 0.01.
    • Which currency is basic and counter currency in the pair USD/JPY?

      • The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).
    • What is the Level of Order?

      The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).

    • What is a "Swap"?

      This is a fee that the client has to pay to keep a position open overnight. From Wednesday to Thursday swaps are calculated in triple size (for the weekend).

    • What is a "Pip"?

      • The unit of measurement to express the change in value between two currencies is called a “pip.”.
      • A pip is usually the last decimal place of a quotation.
      • If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
    • What is a "Pipette"?

      • There are brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places.
      • They are quoting FRACTIONAL PIPS, also called “pipettes.”
      • For instance, if GBP/USD moves from 1.30542 to 1.30543, that .00001 USD move higher is ONE PIPETTE.
    • What is a Lot?

      • A lot is a transaction unit on the market. One standard lot contains 100,000 units of base currency.
      • For example, one standard lot of EUR/USD equals 100,000 EUR. Bear in mind that on Cent accounts you trade cent lots, where one cent lot equals 1,000 units of base currency.
      • The minimum lot which can be opened on the MetaTrader4 platform is 0.01.
    • Which currency is basic and counter currency in the pair USD/JPY?

      • The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).
    • What is the Level of Order?

      The USD is the basic currency (the first in the pair, i.e. the one you buy or sell). JPY is a counter currency (second in the pair).

    • What is a "Swap"?

      This is a fee that the client has to pay to keep a position open overnight. From Wednesday to Thursday swaps are calculated in triple size (for the weekend).

    • What is a "Pip"?

      • The unit of measurement to express the change in value between two currencies is called a “pip.”.
      • A pip is usually the last decimal place of a quotation.
      • If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP.
    • What is a "Pipette"?

      • There are brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places.
      • They are quoting FRACTIONAL PIPS, also called “pipettes.”
      • For instance, if GBP/USD moves from 1.30542 to 1.30543, that .00001 USD move higher is ONE PIPETTE.


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