forex basics

 

Dollar Value of Pips

You’ll hear lots of traders claiming that they profited 50 pips, 100 pips, or 500 pips. But, how much does it mean in dollar terms? How much did they actually profit? Good question to ask right?

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Liquidity: Everything You Need To Know About Liquidity

I am sure that you will have heard traders saying that one currency pair is very liquid while another is not, do you understand what liquid means in forex? Did you know that if you trade illiquid currency pairs then you will most likely lose money on spreads and may have a hard time closing the positions? You need to know about liquidity if you are getting into forex trading.

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Stop Loss to Breakeven: A Complete Beginners Guide

Traders on the internet make this a big issue and if they listen to anyone talking about moving the stop loss to breakeven, they make it sound like it is the end of the world. But, is this really something to be really worried about? Is moving the stop loss to breakeven a bad thing to do in trading?

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Why you should trade Minor Currency Pairs?

Did you know that there are several minor currency pairs listed on the forex market that are much more volatile than most of the major currency pairs out there? What does this mean? More volatility means that price swings more, hence giving you a plethora of opportunities to capitalize on these price swings. Do you want to know how to trade minor currency pairs and make money?

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North American Trading Session

New York is the city that never sleeps and the forex market is the market that never sleeps. Did you know that 17% of the total daily transactions that take place in the forex market, happens in the North American trading session alone? It would be great if you could understand what all goes down in this trading session and the currency pairs that you could particularly track in this session.

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23+ Forex Terminologies That Everyone Should Know

I am sure that you have read articles or even watched videos of forex traders and will have come across certain words that you did not understand. Those words would have been the common terminologies that forex traders use to refer to certain things and in this blog post, I am going to cover this.

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European Trading Session: A Complete Guide

The different trading sessions that the entire forex trading day is divided into might be a tad bit complicated for traders with little experience. Did you know that 43% of the daily transactions that take place in the forex market happens in the European trading session alone? So, if you could target the right currency pairs during this trading session, it will reward you big.

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Forex Orders: A Complete Beginners Guide

I have heard stories about traders entering trades at the right time with the right analysis but did not capitalize on the trade because they placed wrong orders. These are signs of poor preparations and no trader should be guilty of the same. Understanding the various types of orders available and how it works is immensely important and in this blog post, I will discuss the same.

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4 Types of Analysis in Forex Trading

Forex trading might seem like an easy thing to do right? Traders just press some keys on the keyboard and then they earn money and they keep doing it again and again. But let me tell you one thing, forex trading is not easy and every trade that a trader takes, is based on some analysis that they carry out. This analysis that traders carry out is of paramount importance and traders around the world spend a lot of time to analyze properly and capitalize.

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Is Trading Gambling?

Whenever I tell others that I trade full time for a living, I am thrown questions like isn't it gambling? Isn't it very risky? Why are you getting into gambling for your livelihood? But is this the truth? Are traders gamblers and is trading just gambling after all...

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What is a pip?

You might have heard forex traders saying that they profited 100 pips on a single trade but do you actually know what a pip is? Even if you know what a pip is exactly, do you know why we have pips in the first place? Don’t worry, this blog post has all answers. In this blog post, I will tell you everything you need to know about pips

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Basics of Forex Trading: A Complete Beginners Guide

I have been trading the Forex Market for quite some time now and have noticed that traders that are just starting out in their trading journey have a hard time learning the skill. Due to the attention that the Forex Markets gets because of its volatility and price swings, many traders start out their trading journey by trading in the currencies hoping to...

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What is Long and Short?

Everyone knows that traders can first buy a currency pair on the forex market and then sell it and book profits if the price of the currency pair appreciates or book a loss if the price of the currency pair declines. But do you know that you can sell a currency pair first and then buy it later

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4 Forex Trading Sessions

I know that the forex market is open for trading throughout the day but it does not mean that traders stay up trading forex the entire day. There are certain time windows or sessions each day during which the majority of trading activity takes place. In this blogpost...

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Everything you need to know about Risk to Reward Ratio

There is a fuss around risk to reward ratios in the trading community and traders ponder over finding a trade system with a high risk to reward ratio. What exactly is the risk to reward...

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What is Lot?

From the beginning of our civilization, we humans have assigned certain units to everything we buy or sell. Everything from gasoline to gold is measured in a certain unit and we buy or sell them in those particular units. Consider you go out...

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What is Slippage?

Many times, when we place a trade using market execution order on the trading platform our trade is not instantly executed and when it gets executed we see that the price at which the trade is executed is not what we decided to enter...

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What is Bid Rate and Ask Rate in Forex Trading?

Whenever we look to buy or sell currency pairs in the forex market, we see two rates in the market watchlist section. If we open up the quote terminal of any currency pair on any trading platform...

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What is Base Currency and Quote Currency in Forex Trading?

When you first go and see a forex chart or the market watchlist section on the chart, you see a quote that consists of two currencies. That is because in forex market currencies are traded in pairs. And When you buy one currency,...

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Types of Forex Market - Trending and Ranging

Understanding what the price is doing is an essential aspect of forex trading. Depending upon the type of forex market, we can get into a trade differently. So, it becomes important for a trader to understand which type of market is he dealing with. There are two types of...

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Different Types of Currency Pairs in Forex | Major, Minor and Exotic Currency Pairs

Different Types of Currency Pairs in Forex Whenever we trade currencies in the forex market we have to do it in pairs because directly buying and selling currencies is not possible. Because of this reason, there are different currency pairs in the...

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How to Open a Practice account in Forex Trading 2021?

In this blog post, I am going to tell you how to open a practice account. Before you open a practice account, you will need to choose a broker that is regulated and good for you. After you are done with choosing a broker,...

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4 Different Types of Forex Trading Styles

There are different types of trading styles in the forex market and there are different factors involved in choosing the right trading style. Your personality or your agenda for what you want to achieve from trading matters a lot. You cannot be aggressive or look

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What is Commission in Forex?

When it comes to doing business, no matter what kind of business you are doing, it is very important for you to understand each and every aspect of it. You cannot be successful in any business if you don’t know how much money...

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What is Swap Fee in Forex?

Ever wondered why you get charged with a swap fee while trading forex? Or Got happy to receive a swap fee added to your account? Well, the swap fee is charged/paid when you keep your trade running overnight. In this blog post...

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What is Margin in Forex Trading?

Understanding margin is very important for traders as a lot of different things depend upon it. If a person does business and doesn’t know a thing about the basic accounts, sooner or later it is going to cost him a lot of money....

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Support and Resistance

Support and resistance are the most important yet the most overlooked topic of forex trading. Support and Resistance are the most successful topics of forex trading. It is because mostly the buyers and sellers drive the forex market, and the...

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What is Leverage in Forex Trading?

Ever wondered how traders make $1000 in a day by trading a $500 account or how they lose their account in a single trade? Well, leverage is key to that. Yes, strategy and understanding of the market are needed...

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What is Spread in Forex?

When you first start forex trading you must have come across the word spread. You must have kept wondering what is the use of spread? why is it at all needed? In this article, I will cover every single detail you need to...

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What is Lot Size ?

From the very beginning of our civilisations we humans have assigned certain units to everything we buy or sell. Everything from gasoline to gold is measured in certain units and you buy or sell it in those particular units. Consider you...

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How to choose a Forex Trading Strategy?

If you are a beginner in forex and want to make it as a forex trader, you should be able to select your strategy correctly. The easiest way to do that is to look at the profits and losses of a particular strategy. But there are other things too, which you should look after while choosing your strategy.

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