What is a lot size?
Image Source: Unsplash In forex trading, a lot size refers to the quantity of currency being traded in a single transaction. The lot size is a standardized amount of currency that is set by the exchange, and it determines…
Category FOREX TRADING, Beginners
What is drawdown in forex trading?
Image Source: FreeImages The world of forex trading can be quite confusing and technical, especially for beginners. One term that you will frequently hear in forex trading is drawdown. Simply put, drawdown is the difference between the highest point…
What Does Leverage in Forex Mean?
? Image Source: FreeImages If you’re new to the world of forex trading, you might have come across the term “leverage.” Leverage is a powerful tool that allows traders to magnify their profits by borrowing funds from their broker.…
Is Day Trading Forex Gambling? Uncovering the Differences
Photo by PIX1861 on Pixabay Introduction to Day Trading Forex Are you new to the world of Forex trading? Or perhaps you’re looking to make a side hustle by trading the markets? If so, you may be wondering…
How Long Has Forex Been Around?
Forex, or foreign exchange, has been around since the beginning of banking. forex resembles how banks used to handle money: deposits were made by giving checks and savings accounts, and withdrawals were made by crediting a customer’s checking account.…
What is drawdown in forex
Everything You Need To Know About Drawdown In Forex: A Beginners Guide Image Source: FreeImages The term drawdown is commonly used in the world of forex trading. It refers to the rate at which your account loses value over…
What Is Intra-Day Trading In Forex?
The Definitive Guide Intra-day trading in the forex market is the process of buying and selling your positions during the same trading day. This involves you placing limit orders at different prices to buy and sell your currency positions at…
What is forex swing trading?
Forex swing trading is a strategy used by traders who want to take advantage of opportunities when the market is in a favorable state. Instead of buying and selling currencies at set times, you will be buying and selling small…
What Is Forex Scalping?
A Beginner’s Guide on What It Is and How To Do It Image Source: Unsplash Forex scalping is the act of making small profits through trading in the foreign exchange market, also known as the forex market. When you…
what is a lot in forex
what is a lot in forex Image Source: FreeImages Forex trading is an exciting way to invest, especially for those who love watching markets fluctuate. Investing in the foreign exchange market (forex) is risky and can result in the…