Basic Forex Terminologies
In this section, we are going to look at three crucial terms that you need to become highly familiar with when trading in FOREX.
Price in Points
Price in points, or pips, are essentially the points that you expect to win, or lose, every...
Trading Platforms
Not all trading platforms are created equal.
This means that you need to do your research when it comes to choosing a trading platform. The main differences lie in the analytics and resources that a platform has to offer. You cannot expect a platform to provide you with everything...
Factors of Influence in the FOREX Market
The previous example highlights the fact that there are many factors that can influence FOREX markets. As such, it’s important for you to do your research before jumping into any sort of trade. Most importantly, you need to be aware of the dangers and risks that come...
Basic Trading Terms
In this section, we are going to discuss some basic terminology.
Cross rate. This is the value of one currency expressed in another. Commonly, you will find a cross rate to be expressed in the following manner: CHFEUR. In this example, the Swiss Franc (CHF) is expressed in...