This article details the purpose, usage, and structure of the `Template:Infobox currency pair` within this wiki. This template is designed to provide a standardized and concise overview of a specific currency pair, crucial for users interested in Foreign Exchange Market trading, Technical Analysis, and understanding global financial instruments. It aims to present key data in a visually appealing and easily digestible format, enhancing the user experience and facilitating quick reference. This guide is geared towards beginners, explaining each parameter and demonstrating how to implement the template effectively.
The `Template:Infobox currency pair` serves as a central repository for essential information about a given currency pair. This includes the base currency, quote currency, standard lot size, pip value calculations, common trading hours, associated economic indicators, and links to relevant resources. It's designed to be consistently applied across all articles concerning currency pairs, ensuring uniformity and ease of navigation. Without a standardized template, information can become fragmented and difficult to compare, hindering effective learning and trading decisions. It allows traders to quickly assess the characteristics of a pair before delving into more detailed analysis, such as Chart Patterns or Fibonacci retracement.
Usage
To use the `Template:Infobox currency pair`, copy the template code (found below in the "Template Code" section) into the relevant article and populate the parameters with the appropriate values. The template is designed to be intuitive, with clearly labeled parameters that correspond to specific data points. It's generally placed at the top of the article, immediately following the introductory paragraph, to provide a quick overview. It's important to ensure the accuracy of the data entered, as this template will become a primary source of information for other users.
Parameters
The `Template:Infobox currency pair` utilizes several parameters to display information. Each parameter is explained in detail below:
base_currency: (Required) The first currency in the pair (e.g., USD for EUR/USD). Use the three-letter ISO 4217 currency code.
quote_currency: (Required) The second currency in the pair (e.g., JPY for USD/JPY). Use the three-letter ISO 4217 currency code.
pair_name: (Optional) The full name of the currency pair (e.g., Euro/US Dollar). If left blank, it will be automatically generated.
symbol: (Optional) The trading symbol used by most brokers (e.g., EURUSD). If left blank, it will be automatically generated.
standard_lot_size: (Required) The standard lot size for the pair (usually 100,000 units of the base currency).
min_pip_value: (Required) The minimum pip value for a standard lot. This is crucial for risk management and position sizing. Calculated based on the quote currency.
pip_calculation: (Optional) A detailed explanation of how the pip value is calculated, useful for beginners.
trading_hours: (Optional) The typical trading hours for the pair, considering overlaps between different trading sessions (e.g., 24/5, with peak activity during London and New York sessions).
economic_indicators: (Optional) Key economic indicators that significantly impact the pair (e.g., US Non-Farm Payrolls for USD pairs, Eurozone GDP for EUR pairs). Link to relevant articles on these indicators. See Economic Calendar.
major_events: (Optional) Significant geopolitical or economic events that can cause volatility for this pair.
risk_level: (Optional) An assessment of the typical risk associated with trading the pair (e.g., High, Medium, Low). This is subjective and should be based on historical volatility and market conditions.
correlation: (Optional) The correlation of this pair with other major currency pairs or assets (e.g., positively correlated with GBP/USD, negatively correlated with USD/JPY). See Correlation Trading.
brokers: (Optional) A list of reputable brokers offering trading in this pair. (Use a bulleted list format).
resources: (Optional) Links to external resources for further information (e.g., official currency websites, financial news sources). Use a bulleted list format.
image: (Optional) A relevant image, such as a flag representing the currencies involved, or a chart showing historical price action. Use the syntax `File:Imagename.jpg`.
Let’s illustrate the usage with an example for the EUR/USD currency pair:
```wiki
Template:Infobox currency pair
This article details the purpose, usage, and structure of the `Template:Infobox currency pair` within this wiki. This template is designed to provide a standardized and concise overview of a specific currency pair, crucial for users interested in Foreign Exchange Market trading, Technical Analysis, and understanding global financial instruments. It aims to present key data in a visually appealing and easily digestible format, enhancing the user experience and facilitating quick reference. This guide is geared towards beginners, explaining each parameter and demonstrating how to implement the template effectively.
Purpose
The `Template:Infobox currency pair` serves as a central repository for essential information about a given currency pair. This includes the base currency, quote currency, standard lot size, pip value calculations, common trading hours, associated economic indicators, and links to relevant resources. It's designed to be consistently applied across all articles concerning currency pairs, ensuring uniformity and ease of navigation. Without a standardized template, information can become fragmented and difficult to compare, hindering effective learning and trading decisions. It allows traders to quickly assess the characteristics of a pair before delving into more detailed analysis, such as Chart Patterns or Fibonacci retracement.
Usage
To use the `Template:Infobox currency pair`, copy the template code (found below in the "Template Code" section) into the relevant article and populate the parameters with the appropriate values. The template is designed to be intuitive, with clearly labeled parameters that correspond to specific data points. It's generally placed at the top of the article, immediately following the introductory paragraph, to provide a quick overview. It's important to ensure the accuracy of the data entered, as this template will become a primary source of information for other users.
Parameters
The `Template:Infobox currency pair` utilizes several parameters to display information. Each parameter is explained in detail below:
base_currency: (Required) The first currency in the pair (e.g., USD for EUR/USD). Use the three-letter ISO 4217 currency code.
quote_currency: (Required) The second currency in the pair (e.g., JPY for USD/JPY). Use the three-letter ISO 4217 currency code.
pair_name: (Optional) The full name of the currency pair (e.g., Euro/US Dollar). If left blank, it will be automatically generated.
symbol: (Optional) The trading symbol used by most brokers (e.g., EURUSD). If left blank, it will be automatically generated.
standard_lot_size: (Required) The standard lot size for the pair (usually 100,000 units of the base currency).
min_pip_value: (Required) The minimum pip value for a standard lot. This is crucial for risk management and position sizing. Calculated based on the quote currency.
pip_calculation: (Optional) A detailed explanation of how the pip value is calculated, useful for beginners.
trading_hours: (Optional) The typical trading hours for the pair, considering overlaps between different trading sessions (e.g., 24/5, with peak activity during London and New York sessions).
economic_indicators: (Optional) Key economic indicators that significantly impact the pair (e.g., US Non-Farm Payrolls for USD pairs, Eurozone GDP for EUR pairs). Link to relevant articles on these indicators. See Economic Calendar.
major_events: (Optional) Significant geopolitical or economic events that can cause volatility for this pair.
risk_level: (Optional) An assessment of the typical risk associated with trading the pair (e.g., High, Medium, Low). This is subjective and should be based on historical volatility and market conditions.
correlation: (Optional) The correlation of this pair with other major currency pairs or assets (e.g., positively correlated with GBP/USD, negatively correlated with USD/JPY). See Correlation Trading.
brokers: (Optional) A list of reputable brokers offering trading in this pair. (Use a bulleted list format).
resources: (Optional) Links to external resources for further information (e.g., official currency websites, financial news sources). Use a bulleted list format.
image: (Optional) A relevant image, such as a flag representing the currencies involved, or a chart showing historical price action. Use the syntax `File:Imagename.jpg`.
Template Code
```wiki
{{#if:Euro / US Dollar|Euro / US Dollar|EUR/USD}}
Base Currency: EUR
Quote Currency: USD
Symbol: {{#if:EURUSD|EURUSD|EURUSD}}
Standard Lot Size: 100000
Pip Value: 1.00 (for 1 standard lot) {{#if:A pip is 0.0001 for EUR/USD. Therefore, a 1-pip move in EUR/USD is equivalent to $10 per standard lot.|A pip is 0.0001 for EUR/USD. Therefore, a 1-pip move in EUR/USD is equivalent to $10 per standard lot.|}}
Trading Hours: 24/5, with peak activity during London and New York trading sessions.
**Updates:** Regularly review and update the information in the infobox to reflect changes in market conditions or economic indicators. Consider Moving Averages when evaluating trends.
**Image Quality:** If using an image, ensure it is high-quality and relevant to the currency pair. Understand Support and Resistance.
**Pip Value Calculation:** Provide a clear and concise explanation of the pip value calculation, especially for beginners. Explore Risk Reward Ratio.
**Trading Hours:** Specify the trading hours accurately, considering different time zones and market sessions. Learn about Day Trading.
**Economic Indicators:** Link to the corresponding articles for each economic indicator listed. The Forex Market Hours article provides valuable information.
**Updates:** Regularly review and update the information in the infobox to reflect changes in market conditions or economic indicators. Consider Moving Averages when evaluating trends.
**Image Quality:** If using an image, ensure it is high-quality and relevant to the currency pair. Understand Support and Resistance.
**Pip Value Calculation:** Provide a clear and concise explanation of the pip value calculation, especially for beginners. Explore Risk Reward Ratio.
**Trading Hours:** Specify the trading hours accurately, considering different time zones and market sessions. Learn about Day Trading.
**Economic Indicators:** Link to the corresponding articles for each economic indicator listed. The Forex Market Hours article provides valuable information.
