Account currency
The currency your trading account is held in. Profits, losses and margin are converted into it, which is why pip value differs between accounts.
Related terms
Pip value
The money gained or lost when price moves one pip for a given…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Bid
The price at which the market will buy from you, so it is the…
Commodity currencies
Currencies of countries that rely heavily on raw-material exports,…
Contract size
The number of units in one lot of an instrument. For forex pairs a…