Weird Forex Orders. Here are some weird forex orders. Good ‘Till Cancelled (GTC) A GTC order remains active in the market until you decide to cancel […]
Limit Orders versus Stop Orders. New traders often confuse limit orders with stop orders because both specify a price. Both types of orders allow traders to […]
Forex Orders – Continued. Stop Loss Order An order to close out if the market price reaches a specified price, which may represent a loss or […]
Types of Forex Orders. Limit Order Continuing our discussion of the types of forex orders, a limit order is an order placed to either buy below the market or sell above the […]
Types of Forex Orders. There are several types of forex orders. An order is an offer sent using your broker’s trading platform to open or close […]
Forex Jargon. Bid Price Here is more forex jargon. The bid is the price at which the market is prepared to buy a specific currency pair […]
Forex Jargon As in any new skill that you learn, you need to learn the jargon. In our case, forex jargon. Some of this jargon, we […]
What are the Advantages of Trading With Variable Spreads? What are the advantages of trading with variable spreads? Variable spreads eliminate experiencing requotes. This is because […]
What are the Advantages of Trading With Fixed Spreads? Fixed spreads have smaller capital requirements, so trading with fixed spreads offers a cheaper alternative for traders […]
How is the Spread Measured in Forex? How is the spread measured in forex? The spread is measured in pips. A pip is the smallest unit […]
What is a Spread in Forex Trading? How do you find the spread in forex trading? Forex brokers will quote you two different prices for a […]
Calculate profit and loss in Forex. Example Let’s look at how you calculate profit or loss in forex. Let’s buy U.S. dollars and sell Swiss francs. […]
Leverage and Forex Trading. What is leverage? You are probably wondering how a small investor like yourself can trade such large amounts of money. Think of […]
What is a Lot in Forex? What is a lot in Forex? Forex is commonly traded in specific amounts called lots. A lot is basically the number […]
How to Find the Pip Value in Your Trading Account’s Currency. Here is how to find the pip value in your trading account’s currency. What is […]
How to Calculate the Value of a Pip. As each currency has its own relative value, it’s necessary to calculate the value of a pip for […]
What is a Pip in Forex? What is a pip in forex? You’ve probably heard of the terms “pips,” “points“, “pipettes,” and “lots” thrown around, and […]
Rollover. For positions open at your broker’s “cut-off time” (usually 5:00 pm ET), there is a daily “rollover fee“, also known as a “swap fee” that […]
Margin Trading Margin trading allows you to trade on credit using the broker’s money. When you trade with leverage, you wouldn’t need to pay the 10,000 […]
More on Currency Pairs. GBP/USD Let’s delve into more on currency pairs. In this example, the pound is the base currency and thus the “basis” for […]
Knowing When to Buy or Sell a Currency Pair. Knowing when to buy or sell a currency pair is the key to succeeding as a trader. […]