Category Archives: Beginners
Calculating pips with confidence: A practical guide for forex traders
Written on July 18, 2023 at 10:05 am, by maria
Imagine you’re at a bustling street market in a foreign country, excited to exchange your currency for the local one. As you approach the currency exchange booth, you notice that the exchange rates are constantly changing. Every time you see the rates fluctuate, even by the tiniest amount, it affects the amount of money you’llContinue Reading
When to trade forex: Is there a best time?
Written on May 12, 2023 at 8:34 am, by maria
Forex trading is a global market that operates 24 hours a day. And it is important to know the best times to trade in order to maximise your profits. The Forex market can be divided into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session. TheContinue Reading
How to trade forex: A beginner’s guide
Written on May 11, 2023 at 11:58 am, by maria
There are several ways to trade Forex, and each method has its own advantages and disadvantages. The most popular financial instruments used in Forex trading include retail Forex, spot FX, currency futures, currency options, currency exchange-traded funds (or ETFs), Forex CFDs, and Forex spread betting. Retail Forex is a way for individuals to participate inContinue Reading
What is traded in forex: The most actively traded currencies
Written on May 11, 2023 at 11:04 am, by maria
To be short, the answer is “currencies”. When we want to talk about different types of currencies, we use three-letter symbols to represent them. The first two letters in the symbol tell us which country the currency comes from, and the third letter tells us the name of the currency. For example, USD stands forContinue Reading
What is forex trading: A comprehensive overview
Written on May 11, 2023 at 9:37 am, by maria
Forex is a short term for “foreign exchange,” which means changing one currency to another. Let’s say you’re travelling from France to the United States. You’ll need to change your euros to US dollars. When you go to the bank, you’ll see a big board with names of different currencies and numbers. This board showsContinue Reading
