Basically, the movement of a currency pair such as EUR/USD from 1.2000 to 1.2001 would represent a one pip rise in the exchange rate, so the pip size in EUR/USD is 0.0001. This one pip movement would equal a shift in value of $0.10 on a micro lot of 1,000 euros, $1 on a mini...
Maximum drawdownis an important trading statistic to track in your backtesting and live trading. In backtesting, it shows you the downside risk of a strategy. Tracking max drawdown in live trading helps you understand when your strategy might not be working as expected or you might be in a ...
Foreign exchange currency pairs, also calledforexorFX, are moving price-quotes for an exchange rate between two currencies. This guide will show you how to find a forex broker by comparing brokers available in, listing their pros and cons, and explaining the features of their trading platforms....
Another benefit of forex trading is the ability to use leverage. Leverage allows traders to control larger positions in the market with a smaller amount of capital. While leverage can amplify profits, it’s important to note that it can also lead to substantial losses if not managed properly. ...
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but a lot of the action happens in the major financial centers. A 24-hour trading day begins in the Asia-Pacific region, then moves to major centers in Europe and then to North America, where it ends with the U.S. trading session. The forex market is highly dynamic no matter the time...
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Here’s an example on a forex trading journal: On the daily timeframe, EUR/USD is in ahealthy uptrendand it has bounced off the50-period moving average(MA) the last 3 times. If there’s a pullback towards the 50 MA, then I’m looking for a bullish candlestick pattern to get long...
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you can see what is happening in DXComputeBox(): the creation of all the cube vertices (their coordinates are written to the 'vertices' array), as well as dividing of cube edges into triangles which are enumerated and saved in the 'indiсes' array. In total, the cube has 8 vertices,...