Monthly Archives: April 2022
Lesson 12: Introduction to technical analysis
Written on April 6, 2022 at 9:06 am, by anakin
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 anakin
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 anakin
Different Types Of Forex Charts 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 Continue Reading
Lesson 9: Understanding MetaTrader 4 (MT4)
Written on April 4, 2022 at 1:08 am, by anakin
Forex Basics: Understanding MT4 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 Continue Reading
Lesson 8: Leverage: The key to forex market
Written on April 3, 2022 at 3:15 am, by anakin
Beginners Introduction To Forex Leverage Leverage is a crucial concept in forex trading, allowing traders to control large positions with relatively small amounts of capital. By amplifying both potential gains and losses, leverage can significantly impact trading outcomes. This lesson explores the benefits and risks of using leverage, how it is calculated, and effective risk Continue Reading
Lesson 7: What are the key forex terminologies?
Written on April 2, 2022 at 3:14 am, by anakin
Learn The Terminologies in The Forex Market 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 Continue Reading
Lesson 6: Getting to know bid price, ask price, and spread
Written on April 2, 2022 at 3:10 am, by anakin
Understanding What is Bid Price, Ask Price and Spreads Understanding bid price, ask price, and spread is fundamental for any forex trader. These terms are crucial for executing trades effectively and managing trading costs. In this lesson, we will cover the following: Prices in the Forex Market There are always two prices when you trade Continue Reading
Lesson 5: Pip value and calculation
Written on April 2, 2022 at 2:45 am, by anakin
Learn The Value and Calculation for Forex PIP Understanding pip value is crucial for forex traders, as it helps in calculating potential profits or losses and managing risk effectively. This lesson will guide you through the basic concepts of pips and pipettes, how to calculate pip value for different currency pairs, and the significance of Continue Reading
Lesson 4: What exactly are a pip and a pipette?
Written on April 2, 2022 at 2:25 am, by anakin
Have you ever wondered how traders measure the smallest price movements in forex trading? Understanding pips and pipettes is crucial for calculating profits and losses accurately. This guide will explain these fundamental concepts and their significance in forex trading. What Exactly Are a Pip and a Pipette? Understanding the basics of forex trading is crucial, Continue Reading
Lesson 3: Understanding the currency pairs
Written on April 1, 2022 at 4:05 am, by anakin
Learn Forex 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 Continue Reading
