Forex Trading

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CAD acts as the fifth most-held reserve currency in the world after the US dollar (USD), the euro (EUR), British pound sterling (GBP) and the Japanese yen (JPY). The Canadian dollar, ranking as the sixth most traded currency globally, is also known as a commodity currency, due to Canada’s rich natural resources and significant raw material exports. The...

Higher trading costs and the potential for slippage might be less favourable for scalping . A difference of, typically, 5 pips or more between the bid and ask price. Meanwhile, the GBP/JPY, being a more volatile pair, might have a spread of 3.5 pips. In the Forex market, this spread is typically measured in “pips.” Using the above...