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A pip, short for point in percentage, is a very small measure of change in a currency pair in the forex market.
Leverage in Forex is the ratio of the trader's funds to the size of the broker's credit. In other words, leverage is a borrowed capital to increase the potential returns.
Contrary to what you may think when you begin exploring the forex market, a bid price is not the price you'll bid when you want to buy a currency pair.
Trading of currency pairs are conducted in the foreign exchange market, also known as the forex market.
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