In this video, you will learn about some basic trading terminology in forex trading. For example, when you look on your MetaTrader platform, prices are quoted by your broker in 5 digits. For example, consider the exchange rate of EUR/USD as 1.1203. Here, the fourth digit after the decimal point, represents the pip value. The fifth decimal place represents a point. Spread is the difference between the bid price and the ask price offered […]