About: anakin
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Lesson 7: What are the key forex terminologies?
When you enter the forex market, you will come across a lot of jargon that might catch you off guard, including bulls and bears, hawks and doves, pips and ticks, and more. To understand the market, you must have a solid knowledge of regularly used market jargon. Here are several terms you will encounter when Continue Reading
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 market, or any other financial market. Bid Price – The price that you use Continue Reading
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 probably aware, there are many lot sizes in the forex market, such as standard lot, Continue Reading
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 to say a pip was the slightest change in the price of currency pairs, but Continue Reading
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 groups depending on the amount of trading activity and liquidity. These are known as majors, Continue Reading
