Monthly Archives: April 2022
Written on April 5, 2022 at 1:19 am, by anakin
The financial markets began the week with modest changes across asset classes as investors anticipated the latest central bank remarks and events in Ukraine, while also anticipating the start of the corporate earnings season next week. Meanwhile, US equity markets began the week on a positive note, with the NAS100 rising 2.10 percent on theContinue Reading
Lesson 11: Different types of forex orders
Written on April 4, 2022 at 4:24 am, by anakin
Forex orders are an essential part of the trading process. An order is a request to buy or sell a currency at a given price. The type of order you use can affect how quickly you get your desired currency and how much you pay. This lesson will teach us about the different types ofContinue Reading
Lesson 10: Different types of trading charts
Written on April 4, 2022 at 1:20 am, by anakin
It is critical to observe the movement of prices in Forex trading. There are several ways to accomplish this, including seeing the ticker in real-time. But the most popular method is to display prices on a chart, which enables you to observe how prices respond at crucial moments. Traders use prominent chart types, including lineContinue Reading
Written on April 4, 2022 at 1:09 am, by anakin
US equity markets remained stable on Friday following the release of US job data, but the NAS100 dipped as some technology firms declined. According to MT4 VT Markets data, the SP500 closed flat at 0.00 percent, the DJ30 gained 0.01 percent, and the NAS100 fell 0.42 percent. The USD ended the week on a strongContinue Reading
Lesson 9: Understanding MetaTrader 4 (MT4)
Written on April 4, 2022 at 1:08 am, by anakin
When it comes to trading, you’ll likely often hear about MT4. What is it exactly? MetaTrader4 (MT4) is a popular online trading platform that traders can use to automate their trading. Its simple user interface gives access to advanced technical analysis and flexible trading systems. Here’s a guide on what MetaTrader 4 is and howContinue Reading
Lesson 8: Leverage: The key to forex market
Written on April 3, 2022 at 3:15 am, by anakin
In this lesson, we will talk about leverage and how it affects your trading. What is Leverage? In simple words, leverage is a facility allowing traders to trade with less capital. As we explained to you previously, 1 standard lot equals 100.000 units. If you buy 1 lot of USDCAD, you are purchasing 100.000 USDContinue Reading
Lesson 7: What are the key forex terminologies?
Written on April 2, 2022 at 3:14 am, by anakin
When you enter the forex market, you will come across a lot of jargon that might catch you off guard, including bulls and bears, hawks and doves, pips and ticks, and more. To understand the market, you must have a solid knowledge of regularly used market jargon. Here are several terms you will encounter whenContinue Reading
Lesson 6: Getting to know bid price, ask price, and spread
Written on April 2, 2022 at 3:10 am, by anakin
In this lesson, we will cover the following: The two prices in the financial markets. What is the spread, and why it’s important? Prices in the Forex Market There are always two prices when you trade the forex market, the stock market, or any other financial market. Bid Price – The price that you useContinue Reading
Lesson 5: Pip value and calculation
Written on April 2, 2022 at 2:45 am, by anakin
What is a pip value, and how is it calculated? To answer the question, you’ll need this information: the lot size you’re trading, the quote currency, and your account currency. Allow me to explain. The Lot Size As you are probably aware, there are many lot sizes in the forex market, such as standard lot,Continue Reading
Lesson 4: What exactly are a pip and a pipette?
Written on April 2, 2022 at 2:25 am, by anakin
Pips and pipettes are terms commonly used by traders. Here’s what they mean. What is a pip? PIP stands for Percentage In Point. It is a way to measure how much a currency pair has changed in value. We used to say a pip was the slightest change in the price of currency pairs, butContinue Reading