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General Information

GBPUSD

GBP/USD is another popular currency pair on the foreign exchange market. It represents the rate of exchange between the US dollar and the British pound. Whereas the United States utilizes the US dollar as its unit of account, the United Kingdom employs the British pound.

 

The GBPUSD is a key currency in the trading world because of the close economic relations between the UK and the US. Because they are two of the largest economies in the world, economic changes in one country might have a significant impact on the other. The GBPUSD currency pair is therefore commonly used by traders looking to gain from these economic trends and exchange rate swings.

Questions and Answers

What is margin?

Trading on margin means that you are able to increase your position size using leverage.
If you trade with a leverage of 10:1 for example, you will only need to invest $100 in order to open a deal of 1000 dollars. Margin trading can magnify profits and magnify losses as well

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Glossary

Spread

It is the difference between the buying and selling price of a currency pair.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.