Be aware that taking a forex broker’s deposit bonus can result in multiple problems. If you are going to trade, just deposit your own money and trade. Don’t fall for these “deposit bonus” gimmicks. Here’s why. Ever seen an ad saying […]
Here’s how to place orders and manage trades when trading forex. There are a number of forex order types that are useful in different circumstances. Here are the main order types: Forex Market Order Most retail platforms use “Buy” and […]
This forex introduction provides an overview of what forex is and how to trade it. Topics covered include currency pairs, how to make money, the bid/ask spread, pips and pip value, lot sizes, market hours, leverage, and rollover. Don’t know […]
The pip value when forex trading affects how much you will make or lose, in your own currency, for each pip the price moves. Pip value is based on the lot size, the currency pair/exchange rate, and the account currency. […]
Slippage is the difference between the expected price and the actual price received on an order while trading. There’s a favorable and unfavorable slippage. Favorable slippage is when you get a better price than expected, while unfavorable slippage means you […]
The bid-ask spread is the price difference between where someone is willing to buy and someone is willing to sell. The bid is the highest publicized price someone is willing to pay for an asset. The offer is the lowest […]
With some forex brokers offering up to 500:1 leverage, here’s how much you’ll really need for various scenarios. Utilize leverage to increase gains, but we also need to maintain strict risk controls while doing it. 500:1 leverage means you can […]
“R” is a standardized unit for assessing the reward and risk of trading strategies and trades. It allows for strategy and trade comparison regardless of risk tolerance, account size, or time frame. Understanding R-related Terms for Trading Here are some […]
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