This can be done both independently and with the help of special tools in automatic mode. For direct quotes, that is, where the US dollar is in first place in the pair, the cost of a point will be calculated by the formula: Lot Size * Point Size / Current Quote When opening a ...
Learn how to trade Forex with our ultimate and updated beginner's guide. Discover what is the spread, lots, pips in Forex, the mistakes to avoid, and much more!
such brokers can charge a fixed commission on every transaction.However, you should not see ECN brokers as a panacea. Under certain conditions, their liquidity can dry up completely, creating much greater slippages than Dealing Desk brokers’ client might be suffering. Another sad reality is that...
Pip is a unit for expressing value changes in a currency pair. When you first start dabbling in forex trading, you will come across a lot of new words and terminology that is important to know. One of the words that you need to learn early on ispips. In your life up until now, pi...
I will give you my forex trading sessions and help you master the art of top down analysis completely. If you are a complete beginner, I got you, I will do my part to give you the best training. I will take you through my simple strategy that has really helped me get a lot of pi...
Forex trading works like any other transaction where you are buying one asset using a currency. In the case of forex, the market price tells a trader how much of one currency is required to purchase another. For example, the current market price of the GBP/USD currency pair shows how many...
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Before getting into forex trading, you have to select a reliable broker. Key aspects to consider when choosing aforex brokerinclude: Margin and leverage:Check how much money (collateral) you need to place trades and what leverage the broker offers. Higher leverage can boost your profits, but ...
In the past, big companies, governments, and hedge funds dominated the foreign exchange market. Today, currency trading is much easier for retail investors. Here are the major players in the market: Commercial banks:Banks provide a lot ofliquidityand are the backbone of the forex market. They ...
In the past, big companies, governments, and hedge funds dominated the foreign exchange market. Today, currency trading is much easier for retail investors. Here are the major players in the market: Commercial banks:Banks provide a lot ofliquidityand are the backbone of the forex market. They ...