A pip is the smallest digit used to measure a change made in the exchange rate of a given currency pair.
It is normally the last digit of the exchange rate (in most cases it is the fourth digit after the decimal point).
What are the Forex Market trading hours?
Weekly activity begins on Sunday at 19:30 hrs GMT continuously until Friday, 20:00 hrs GMT.
Market activity hours may vary periodically due to public holidays, seasonal time adjustments, and unusual liquidity conditions arises from exceptional global events.
The option of automatic rollover allows investors to leave positions opened for a length of self-determined time.
When a new position (spot or forward) is opened, it has a default expiration (value) date.
At the end of the value date (server time), an automatic process will rollover all relevant open positions to the next spot value date (2 additional business days). All rollovers will be performed at competitive rollover rates, depending on the currency pairs involved. During the rollover process, the traders will either earn or pay away points, depending on the interest rate differential between the two currencies.
