Monthly Archives: April 2022
Lesson 6: Getting to know bid price, ask price, and spread
Written on April 2, 2022 at 3:10 am, by anakin
Understanding What is Bid Price, Ask Price and Spreads Understanding bid price, ask price, and spread is fundamental for any forex trader. These terms are crucial for executing trades effectively and managing trading costs. In this lesson, we will cover the following: Prices in the Forex Market There are always two prices when you tradeContinue Reading
Lesson 5: Pip value and calculation
Written on April 2, 2022 at 2:45 am, by anakin
Learn The Value and Calculation for Forex PIP Understanding pip value is crucial for forex traders, as it helps in calculating potential profits or losses and managing risk effectively. This lesson will guide you through the basic concepts of pips and pipettes, how to calculate pip value for different currency pairs, and the significance ofContinue Reading
Lesson 4: What exactly are a pip and a pipette?
Written on April 2, 2022 at 2:25 am, by anakin
Have you ever wondered how traders measure the smallest price movements in forex trading? Understanding pips and pipettes is crucial for calculating profits and losses accurately. This guide will explain these fundamental concepts and their significance in forex trading. What Exactly Are a Pip and a Pipette? Understanding the basics of forex trading is crucial,Continue Reading
Lesson 3: Understanding the currency pairs
Written on April 1, 2022 at 4:05 am, by anakin
Learn Forex Currency Pairs The US Dollar is the most frequently traded currency in the world. As a result, most currencies are quoted against it. However, different types of currency pairs are used when referring to Forex trading, each of which is split into groups depending on the amount of trading activity and liquidity. TheseContinue Reading
Lesson 2: Why should you trade in the forex?
Written on April 1, 2022 at 3:00 am, by anakin
Why Trade Forex (In comparison to other markets) The forex market is the world’s largest, and it offers numerous advantages that attract traders. The following are some of the primary reasons to give forex trading a try. Unparalleled liquidity The foreign exchange market is highly liquid, which is another way of saying that other tradersContinue Reading
Lesson 1: What does “forex” mean?
Written on April 1, 2022 at 2:00 am, by anakin
What Does Forex Mean Forex – often spelled FX – is an abbreviation for “Foreign Exchange.” Fundamentally, it is similar to a stock exchange in that it is a market where one can exchange multiple currencies worldwide. According to a 2019 triennial report from the Bank for International Settlements (a global bank for national centralContinue Reading
