Monthly Archives: April 2022
Lesson 12: Introduction to technical analysis
Written on April 6, 2022 at 9:06 am, by anna
You probably know by now that the financial market can be volatile and unpredictable. This is why it’s your responsibility as a trader to learn all the tools, strategies, and disciplines that will help you make intelligent decisions when trading. One of the key aspects you need to master is technical analysis. What is technical Continue Reading
Lesson 11: Different types of forex orders
Written on April 4, 2022 at 4:24 am, by anna
Forex orders are an essential part of the trading process. An order is a request to buy or sell a currency at a given price. The type of order you use can affect how quickly you get your desired currency and how much you pay. This lesson will teach us about the different types of Continue Reading
Lesson 10: Different types of trading charts
Written on April 4, 2022 at 1:20 am, by anna
It is critical to observe the movement of prices in Forex trading. There are several ways to accomplish this, including seeing the ticker in real-time. But the most popular method is to display prices on a chart, which enables you to observe how prices respond at crucial moments. Traders use prominent chart types, including line Continue Reading
Lesson 9: Understanding MetaTrader 4 (MT4)
Written on April 4, 2022 at 1:08 am, by anna
When it comes to trading, you’ll likely often hear about MT4. What is it exactly? MetaTrader4 (MT4) is a popular online trading platform that traders can use to automate their trading. Its simple user interface gives access to advanced technical analysis and flexible trading systems. Here’s a guide on what MetaTrader 4 is and how Continue Reading
Lesson 8: Leverage: The key to forex market
Written on April 3, 2022 at 3:15 am, by anna
In this lesson, we will talk about leverage and how it affects your trading. What is Leverage? In simple words, leverage is a facility allowing traders to trade with less capital. As we explained to you previously, 1 standard lot equals 100.000 units. If you buy 1 lot of USDCAD, you are purchasing 100.000 USD Continue Reading
Lesson 7: What are the key forex terminologies?
Written on April 2, 2022 at 3:14 am, by anna
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
Written on April 2, 2022 at 3:10 am, by anna
In this lesson, we will cover the following: Prices in the Forex Market There are always two prices when you trade the forex market, the stock market, or any other financial market. So, just like going to a money changer to exchange your money, you will see that they have both the Sell and Buy Continue Reading
Lesson 5: Pip value and calculation
Written on April 2, 2022 at 2:45 am, by anna
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?
Written on April 2, 2022 at 2:25 am, by anna
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
Written on April 1, 2022 at 4:05 am, by anna
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
