Basic terms of forex described in detail with examples. Bid Price and Ask Price The Bid price is the price a forex trader is willing to sell a currency pair for. Ask price is the price a trader will buy a currency pair at. Both of these prices are given in real-time and are constantly up
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Examining the currency pairs to find out the direction of price movement and where the prices will go in future is known as forex analysis. All banks, financial companies, investment management firms and forex traders use analysis to find out price movement. Most of the traders analyse
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PIP A pip is short form of ‘Point In Percentage’ and it is a smallest unit to measure change in a currency pair prices. The term used in forex trading represents a standardized unit of change in prices of currency pairs. This change can be measure in the terms of quote currency or underly
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To start forex trading you have to open an account after choosing the best broker for forex trading. Registration of forex account with forex broker is easy not difficult but selection of best broker is very important because you will invest your hard earned capital. After finding best br
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The most important step before start forex trading is to choose best forex broker that is fully regulated and well reputed in the world of forex. If you are facing difficulties to find best broker then don’t worry you are at right place, here you will get complete guidance for choosing the
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Forex broker is the mediator among the forex trader and forex market. In other words you can’t access to inter-bank and forex market without forex broker that provide you platform for forex trading. Forex broker’s also commonly known as currency trading broker and retail forex broker.
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MT4, full name is ‘Metatrader 4’ use for trading in following markets forex, commodities, crypto currencies, indexes and CFDs. Metatrader terminal is developed by ‘Meta Quotes’ in 2005. Metatrader is easy in use and available free for all traders and normally used for forex trading. Metat
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Forex is the short form of foreign exchange market and forex is a global and decentralized market where one currency is exchanged with another. And this exchange of currency might be due to any reason like for commerce, trading or tourism etc. According to a global bank daily average trad
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