A pipette adds an extra decimal of precision beyond the standard pip, giving traders a more granular view of price movement.

Pip value translates a pip movement into an actual monetary figure, turning raw pip counts into something meaningful for your account.

Calculating pips is a practical skill that turns raw price movement into a number you can actually use to measure a trade’s performance.

Fixed spreads and variable spreads represent two different approaches brokers use to price the gap between bid and ask, each with distinct tradeoffs.

The bid price and ask price sit on opposite sides of every currency quote, and the gap between them quietly shapes the cost of every trade.

The ask price is the price at which the market is willing to sell a currency pair to you, forming the other half of every quoted forex price.

The bid price is the price at which the market is willing to buy a currency pair from you, forming one half of every quoted forex price.

Going short means selling a currency pair first with the expectation that its price will fall, profiting from a decline rather than a rise.

Going long means buying a currency pair with the expectation that its price will rise, profiting if that expectation proves correct.

A long position and a short position represent the two opposite directions a forex trade can take, each reflecting a different price expectation.