10. Which Are The Types Of Charts In Forex Trading

The different types of charts used in Forex trading are used to plot the price movement of a currency pair over time. The x axis has time increments increasing left to right. The y axis has price increments increasing bottom to top. Charts are used to keep track of current prices and for research on the history of […]

09. What Is Swap Rate In Forex

At about 5 pm EST (time varies with some brokers) if you are holding an open position overnight your account is either credited, or debited, an interest charge on the full size of your open positions, depending on your established margin and position in the market. Depending on the interest rate differential, you may pay […]

08. What Is Leverage In Forex And How To Use It

Leverage represents a margin trading ratio, and in forex, this can be very high, sometimes as much as 400:1, which means that a margin deposit of just $1000 could control a position size of $400,000. Leverage has a direct effect on the capital in your trading account. Learn what is leverage in Forex and how to […]

07. What Is Spread In Forex

One of the advantages touted for Forex, and often by the brokers themselves, is that there are no commissions, a statement which can deceptively lead most newbie traders into thinking that the trading forex is virtually free of charge. Learn what are commissions and the spread in Forex, what type of spreads different brokers use and […]

06. What Are Pips In Forex Trading

Sign up, start copying any Master Trader & take profits When you are into weightlifting, the common lingo of performance is pounds: “I bench pressed 150 pounds today.” When you are into forex, the common lingo of performance is pips: “I made 150 pips profit on my last trade” or “My trade was stopped out today and I lost 85 […]

05. What Is A Currency Pair

The foreign exchange market (Forex) is always traded in pairs. Part of our Forex Basics series, in this article you can learn what is a currency pair. Whenever you see a currency exchange rate, it will belong to a currency pair such as EUR/USD. EUR/USD indicates two currencies: the Euro and US Dollar. Here is […]

04. What Hours Is The Forex Market Open

The Forex market is an around the clock market, 24 hours, open 5.5 days a week (from Sunday 5:00 pm EST to Friday 5:00 pm EST). Somewhere on the planet, financial centers are open for business, trading currencies, and as some centers close, other are open to begin trading. Each day, trading begins in Sydney, […]

03. How Much Money Do You Need To Start Trading Forex

There is no doubt that forex can be exciting. A $4 trillion per day, 24-hour market with numerous pairs gyrating up and down in random and rhythmic motions in an endless, tantalizing dance before our eyes. Each pair has a kind of energy and beauty of its own, making teasing moves up and down, wanting […]

02. How To Start Trading Forex

You are about to start a new business. Fortunately, the infrastructure for your new business is in place. It is a global network of commercial banks and currency dealers that communicate through the internet to make markets on a twenty-four-hour basis for currency traders, large and small, throughout the world.  In this article learn how […]

01. What Is Forex Trading And How Does It Work

If you say Forex is about trading foreign currencies, most people would wonder if that has anything to do with exchanging currencies at a foreign exchange booth at an airport or bank (see pic below). Once you understand what makes these markets work, you can explain yourself at a dinner party, and better yet, you […]