Forex trading is the highlight of the financial markets. Central banks, corporations, financial firms, industrialists and experienced as well as amateur traders are trading on Forex. But all the traders do not earn heaps of profit. Like all other fields and departments of trade, it is not possible to earn profit without any hard work in Forex. Thus the traders who do not take it seriously lose their …
There are different types of accounts opened for Forex trading. Mini Account is one of the types of accounts that you can open for Forex Trading. It is a type of forex trading account that deals with a mini lot of units. It is preferred by new traders who have just taken interest in Forex trading. It helps you to understand the mechanism of Forex trade. It is …
Brokers usually quote two different prices for a currency pair. The price of buying the currency is called ‘Ask’ price while the price of selling the currency is called ‘Bid’. The asking price is different from the bid price. The difference between the asking price and the bid price is called a ‘Spread’. Measuring a Spread It is very easy to measure a spread. The unit of measuring …
Forex trading is all about making money. Like all other investments, you need to be careful during the trade. The same is the case with forex day trading. If you decide to indulge in trade for just a part of your day, it does not mean that you can make mistakes due to hasty or irrational decisions. In such an intense and highly liquid financial market, day trading …