Believe me, trying to understand bid and ask price in forex when I was starting to learn forex trading was confusing. You see, in the forex market, the price of a currency pair is actually quoted in two different prices: the bid and ask prices. In a forex quote: the first currency is the base currency …
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In this article, I will explain to you, what is a pip in forex?: how to calculate a pip how to calculate the value of a pip None starts forex trading until they know what a pip is. Why Are Pips Important In Forex Trading? For me, pips are important because it allows me to …
Read moreWhat Is A Pip In Forex? How To Calculate Forex Pips
What is forex leverage? I know, forex leverage can be confusing and the fact that you are reading this right now means that you are a beginner trader just starting to learn about forex trading and the currency market. As a matter of fact, it took me a while to understand the whole concept of …
Read moreWhat Is Forex Leverage? Definition of Leverage In Forex
So you want to become a forex trader, right? In this post, you will learn: who or what makes a forex trader what you need to do to become a forex trader what it takes to become a successful forex trader Forex Trader Definition A forex trader is any person or woman who takes part …
What are forex timeframes? In this post, you will learn about: what are time frames in forex what are the different timeframes how to trade using different timeframes For the discussions of timeframes in this post, I will be referring to the MT4 trading platform. What Are Forex Timeframes? Forex timeframes by definition are simply …
Read moreForex Timeframes Definition| Forex Time Frames For Beginners
What is a stop loss or stop loss order to be precise? In this post, you will learn: what a stop loss is where and how to place a stop loss order when trading how to calculate stop loss and lot more What Is A Stop Loss Order? A stop loss is simply an order …
What is forex spread? In this post, you will learn: what is spread how spread is calculated what is the purpose of spread why spread matters in trading how to minimize spread in trading What Is Spread? Spread is simply the difference between the ASK and BID prices given in Pips, like 2 pip spread, 3 …