Forex Basics
Trend Lines
Charts reveal the actions of bulls and bears. Support in a market can be defined as the point where the market seems to halt for a time and then continue on in the original direction of the…
What is Bid, Ask and Spread
This is a topic that is very confusing for 99% of all traders. The spread itself is very straight forward, but when you get ask about the Bid and Ask of it, you will get a blank…
Orders to Exit the Market
Just like there are orders that get you into a trade, there are orders that can get you out of a trade.There are 2 kinds of exit orders, they are: Stop Loss order Take Profit orderEach of…
Orders to Enter the Market
An order is how you get into a trade and there are 2 ways to place an order to enter the market with your Forex broker.You can place an order that gets you in the market instantly…
What is Margin
Margin goes hand in hand with leverage. Leverage is the amount you can magnify your position, margin is the amount of money you have to put up to trade a position.Currently in the US, brokers can offer…
What is Leverage
One of the biggest attractions to the Forex markets is the leverage FX brokers are able to provide. Traders are leaving Stocks and Futures to trade Forex because the leverage is so attractive. So what is leverage?Leverage…
Meaning of Long and Short
There are several Forex terms you will hear over the next little while, but the ones you will hear the most refer to the ups and downs of the market.Terms that relate to the markets going up:Buy…
What is a Currency Pair?
In order to trade in the Forex markets we need something that increases or decreases in value. Pairing 2 currencies together gives us this market value fluctuation we are looking for.Each currency can be exchanged for another…
What is a Pip?
A pip used to be the smallest increment that a currency generic synthroid levothyroxine pair’s rate of exchange could change.Pip stands for “Percentage In Point”.For example, if a currency pair’s exchange rate is 1.2000 and then changes…