Why Trade Forex
Also known as the foreign exchange market, Forex is the market where one currency is traded against another. Some of the market participants exchange foreign currency for their own, like multinational corporations, which must pay wages and other expenses in different nations they sell products in.
When to trade Forex
Although it's true that the Forex market is open round the clock, it doesn't mean that you should be trading every single minute of the day.
Trading Terminology Or Where Am I Going Long
Sometimes it can seem that the Traders have their own language. They use words that probably make no sense to a non-trader.
How To Trade With Leverage
If you were to trade in small quantities, for example 1 Euro at a time, you would never make any profit. That’s why, in the Forex, market currencies come in Lots; 1000 units form 1 micro lot, 10,000 units will form 1 mini lot and 100,000 units will form 1 standard lot.
Whats a PIP
A PIP is the exchange rate for a currency pair or a measurement of change. For currency pairs, displayed as decimals, one bit is equal to 0.0001.