What is a Pip in Forex?
Forex currency pairs are quoted in terms of ‘pips’, short for percentage in points. In practical terms, a pip is one-hundredth of one percent, or the fourth decimal place (0.0001)
Know When to Buy or Sell a Currency Pair
Buying and selling in forex is speculating on the upward and downward price movements of a currency pair, with the hopes of making a profit. All forex trading involves buying one currency and selling another, which is why it is quoted in pairs. You would buy the pair if you expected the base currency to strengthen against the quote currency, and you would sell if you expected it to do the opposite.
Long or short position in Forex Market
“Long” and “Short” First, you should determine whether you want to buy or sell. If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price. In trader talk, this is called “going […]
How to Make Money Trading Forex
Many people like trading foreign currencies on the foreign exchange (forex) market because it requires the least amount of capital to start day trading. Forex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers.
The Different Ways To Trade Forex
Because forex is so awesome, traders came up with a number of different ways to invest or speculate in currencies. Among the financial instruments, the most popular ones are retail forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), forex CFDs, and forex spread betting. Trade Forex In Different Ways It’s important […]
Forex Market Size And Liquidity
Unlike the other markets, forex trading does not have to stop when the sun goes down. Since the market is open 24 hours a day, you can trade when it is convenient for you. Also where it is convenient, so where you are does not matter as long as you are online.
Buying And Selling Currency Pairs
When you buy a currency pair from a forex broker, you buy the base currency and sell the quote currency. Conversely, when you sell the currency pair, you sell the base currency and receive the quote currency. Currency pairs are quoted based on their bid (buy) and ask prices (sell)
What Is Traded In Forex?
In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country’s economy, compared to other countries’ economies.
What is Forex?
Once upon a time, before a global pandemic happened, people could actually get on airplanes and travel internationally.
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.