Trader's Glossary

Inflation

An economic condition that sees a reduction in the purchasing power of a currency. Inflation is defined by a prolonged and widespread increase in the prices for goods and services.
Did you know?

Currency trading and exchange are no new practices. In fact, money-changing people can be traced back to the Biblical times. Using city-stalls, they would help others change money and take a commission or charge a fee for their services.

Word of the day
"Monetary Policy" - The strategy employed by each central bank in order to control the amount of money in the economy, as well as its overall value.
Pro Tip

pip value in quote currency = pip in decimal places X trade size

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