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Understanding Forex PIPs and Spread

The percentage in point popularly known as PIP is the smallest increment by which a given Forex price can change. PIPs help you in calculating the profits that you have made or lost on a given trade. For example, if you enter a long position on GBP/USD at 1.6580 and it moves to 1.6600 when you are closing, you will have made a 20 PIP profit.

3 Ways To Manage Your Risks In The Forex Market

Risk management in Forex trading is very important as it means the difference between success and failure. For you to be successful in Forex trading you need to know how to manage your risks. To help you out here are some of the strategies that you should put into place.

4 Reasons Why Many Traders Fail In Forex Trading

For you to be successful in Forex trading you need to focus on the chart, economic calendar and any other information that might affect the price of the pair that you are trading. The price chart is your most important friend as it contains all the information that you need to make the right trading decisions. You should always pay close attention. To it

Understanding 3 Of The Most Common Forex Indicators

Indicators are technical analysis tools that help you in understanding the movement of Forex prices. The indicators are usually created using a given formula thus they are accurate in their working. There are many types of indicators in the market. Some of the notable ones are:

4 Common Forex Chart Patterns And What They Mean

Charts are very important in Forex trading as they help you in understanding the market better. Charts have many types of patterns that help you to understand the market even better. The most common types of patterns are:

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