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Q: When can I trade FX?
You can trade from Sunday 17:00 EST to Friday 16:00 EST. The US and UK markets account for around 50% of the total world market, therefore the times at which both are open are particularly busy and where forex markets are the most liquid.
Q: What is a pip?
A pip is the smallest unit of trading in a FX price. A pip is the fourth number after the decimal (for example, with EUR/USD, a pip is represented by EUR0.0001), with the exception of Yen, where a pip is the second number after the decimal.
Q: What does the term ‘majors’ refer to in FX trading?
Majors are the most liquid and widely traded currency pairs in the world. The majors are: EUR/USD, GBP/USD, USD/JPY, USD/CHF.