Tier 2 · Essentials · Forex
Currency pair structure
How pairs are quoted, majors vs minors vs exotics, and pip value across every kind of pair.
- 1Base, quote, majors, minors, and exoticsHow currency pairs are quoted, what the base and quote currencies mean, and how majors, minors, and exotics differ in liquidity and cost.
- 2Pips, lots, and pip value across pairsCalculate pip value for any currency pair — USD-quoted, USD-based, and crosses — and size forex positions correctly.
