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 …
Traders place different types of Forex orders in Forex Trading. Forex trading involves different types of Forex orders. Here the question arises what is meant by an order? When you enter or exit a trade opportunity, it is called an order. Types of Trade Order Different brokers and agents prefer and accept different kinds of orders. Some widely accepted kinds of orders are: Market Order The order to …
There are two main concepts of Forex trade that are often neglected by the traders i.e Capital and leverage. Capital for Forex trading There is a well-known myth about Forex trade is that it can make you millionaire overnight with just a little capital. Well frankly, it is definitely not true. Forex is not betting. You can conduct profitable trade once or twice by luck but in order …
Forex or the Foreign Exchange Market is the greatest trade market in the world. The trade of Forex is greater than the trade of all other financial markets of the entire world. The daily trade of Forex of $5 trillion marks a distinguishable position in financial markets. As it has no central location, so you can trade by phone or internet. You don’t need to be at a …
Traders all over the world are trading on Forex. They invest in the trade of currencies confidently and boldly try theirs in Forex trading. Although the number of traders dealing in currencies is growing day by day, yet at the same time, a new trader feels hesitation before investing money into something new. Obviously the rules and procedure arise questions in his mind. In such a case, Forex …
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 …
Forex is a global market where currencies are traded. Forex is a widely traded market and mostly preferred round the globe. Its daily trade of about $5 trillion also highlights its significance. It is a huge network and properly organized system of traders who buy or sell a currency at a certain price. The most reliable source of converting a currency into another. It is not just a …