Foreign Exchange Currency Pairs There are some terms in forex trading that can heighten your curiosity. Some terms like currency pair, bid, ask, forex broker, etc. Today’s post will educate you on currency pairs and the terms that go with them. Let’s dive right in! What are currency pairs? Currency pairs are the basis of …
Forms of Trading: Fundamental Analysis vs. Technical Analysis Retail Forex traders utilize forex analysis to evaluate if they should buy or sell a currency pair. It requires the use of charting tools. It can also be fundamental, based on economic metrics and/or news occurrences. Forex Market Analysis: What Are the Different Types? To a rookie …
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Bid, Ask and Spread in the Forex Market The difference between the price a broker will purchase and sell a currency is known as the bid-ask spread (also known as the buy-sell spread). However, in the retail market, the spread, or the difference between the bid and ask price for a currency, can be substantial, …
What Does Going Long or Short in Forex Mean? The ability to go long or short is one of the interesting features the forex market has to offer because you can profit regardless of whether the market is moving up or down. In this lesson, we’re going to cover what ‘long or short’ means. Going long in foreign …
In the Forex Market, How Does Leverage Work? The use of borrowed money (referred to as capital) to invest in a currency, stock, or investment is known as leverage. In forex trading, the concept of leverage is fairly frequent. Investors can trade greater positions in a currency by borrowing money from a broker. As a …
Pips and Lots explained Getting started on forex trading, there are important terms in Forex. These are sure words you would come across in your journey as a forex trader. Some of the words are Pips and Lots. In trading, understanding the concept behind pips and lots is of utmost importance. This guide explicitly explains …
The Truth About Price Action What is Price Action Price action trading is a procedure for financial market speculation which consists of the analysis of basic price movement across time. It’s used by many retail traders and often by institutional traders to make predictions on the future direction of the price of a financial market. …
What Exactly is Liquidity and Volatility In Forex Trading? Forex liquidity allows for ease of trade, as a trader gets started in forex trading, one of the first advantages they’re likely to come across is how much liquidity the forex market offers over other markets. The figures are roughly $5.1 trillion in daily traded volume as …
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How does Forex Trading work? As I come across people in my walk of life, I stress more on taking my time to discuss what Forex is, even before talking about what Forex trading is, of course, a word at a time. Let me give you a simple definition of what Forex trading is. This …
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