Understand the Currency Pairs: Bid and Ask Rate
Imagine a bustling market where two vendors engage in a lively price negotiation – that’s essentially what happens in the forex world with bid and ask rates. Let’s simplify the concept of currency pairs, unravel the mystery behind the bid and ask rates, and equip you with the knowledge to navigate the forex market like […]
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 […]
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 […]
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 […]
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 […]