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Beginners

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Apr 2022
Lesson 6: Getting to know bid price, ask price, and spread

 In this lesson, we will cover the following: The two prices in the financial markets.What is the spread, and why it’s important? Prices in the Forex Market There are always two prices when you trade the forex market, the stock …

2

Apr 2022
Lesson 5: Pip value and calculation

What is a pip value, and how is it calculated? To answer the question, you’ll need this information: the lot size you’re trading, the quote currency, and your account currency. Allow me to explain. The Lot Size As you are …

2

Apr 2022
Lesson 4: What exactly are a pip and a pipette?

Pips and pipettes are terms commonly used by traders. Here’s what they mean. What is a pip? PIP stands for Percentage In Point. It is a way to measure how much a currency pair has changed in value. We used …

1

Apr 2022
Lesson 3: Understanding the 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 …

1

Apr 2022
Lesson 2: Why should you trade in the 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 …

1

Apr 2022
Lesson 1: 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 …
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