Trading Basics
Top Traded Currencies in the World
As the global economy continues to grow and expand, more and more currencies are being traded on the foreign exchange market. The foreign exchange market is the largest and most liquid financial market in the world, with an average daily trading volume of over $7 trillion. Now, are you curious about the top traded currencies […]
A Beginner’s Guide to the Forex Market Structure: It’s Simpler Than You Think!
Let’s take a closer look at the captivating Forex market structure, akin to a layered cake with each level having a crucial role in the market’s performance. Grasping this hierarchy could be vital for anyone aiming to navigate the Forex landscape skillfully. Retail Traders (The Foundation) At the base of the Forex market structure pyramid, […]
Forex Market Sessions
When it comes to forex trading, timing is everything. With the forex market session opening 24 hours a day, 5 days a week, it’s crucial to know which sessions are the most active and may offer the most trading opportunities. But, let’s be real, with all these different forex sessions, it can feel like you’re […]
Understanding the Long and Short Position in Trading
Forex trading or foreign exchange market is like setting out on an exciting adventure. Like any journey, you’re likely to encounter unfamiliar language and concepts. At the heart of this vast ocean of currency trade are two foundational concepts: the “long and short position in trading.” If you’re keen on decoding this world, let’s set […]
Mastering Pips and Lots: A Comprehensive Guide for Traders
If you’re new to forex trading, you must have come across the term “pip” and probably wondered what it means. So let’s talk about pips – those little guys that can make or break your trades. Understanding Pips Well, they’re basically just units of measurement for currency pairs. When you see a price quote for […]
Spreads- Everything You Need To Know
Have you recently come across forex spreads? And are you having a little bit of a hard time wrapping your head around what they are? Worry not, as in this article we will take a deep dive into the world of spreads which might make this seemingly confusing yet basic concept a little more easier […]
Who are Liquidity Providers in Forex?
A liquidity provider, in simple terms, acts as the powerhouse of prices, always showing bid and ask quotes, creating a dynamic environment for traders to thrive. In the forex market, liquidity providers facilitate the buying and selling of currencies by offering competitive bid and ask prices. Liquidity providers in the forex market, like banks, hedge […]
Pros and Cons of Forex Trading: Understanding the Risks and Rewards in 2023
Forex trading, short for “Foreign Exchange,” involves buying and selling currencies. Like any investment opportunity, Forex trading presents both lucrative benefits and inherent risks. Understanding the pros and cons of Forex trading can guide traders to make informed decisions and strategies. So are you ready to explore the world of Forex trading with us? Let’s […]
Start Forex Trading: 8 Essential Steps
Are you ready to start forex trading? Discover essential tips that will empower and guide you through the intricate forex markets. From understanding the forex language to mastering risk management, let’s embark on this journey together. Steps to start Forex Trading Forex has its own unique language, like pips, lots, margin, and leverage. Take the […]
History of Forex Trading
Let’s talk about the history of forex trading, but before that, let’s take a trip back to the good old days of bartering, from where it all began! Before the existence of financial institutions and banks, people traded goods and services through a system known as bartering. Can you believe it? It was like the […]