Forex is commonly traded in specific amounts called lots, or basically the number of currency units you will buy or sell.
NFT farming is a new concept in Web3 that merges DeFi and NFT technology, allowing NFT holders to earn a yield on their tokens.
What’s a pip? You’ve probably heard of the terms “pips,” “points“, “pipettes,” and “lots” thrown around, and now we’re going to explain what they are and show you how their values are calculated.
Forex trading involves trying to bet on which currency will rise or fall versus another currency. How do you know when to buy or sell a currency pair?
What is forex trading? How does forex trading work? What you need to know on how to get started in trading forex.
Some of the more popular ways that traders participate in the forex market is through the spot market, futures, options, and exchange-traded funds.
The first thing that you need to know about forex trading is that currencies are traded in pairs; you can’t buy or sell a currency without another.
Learn about this massively huge financial market where fiat currencies are traded.
Forex trading taxes depend on your jurisdiction. In the U.S., for example, currency trades are treated as ordinary income for tax purposes. Gains are taxed at your regular income tax rate, and losses can be used to offset other taxable income. Keep detailed records of all trades, including dates, amounts, and currency pairs. Consider consulting a tax professional to navigate the complexities. In other countries, taxes may be levied differently, so it's crucial to understand local regulations.