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Forex Trading – What Is a Pip?

Forex pairs move in increments of pips – for every pip the pair moves in your favour, you make money, for every pip the pair moves against you, you lose money. Usually the pip is the fourth decimal place in the quoted exchange rate, though if the pair is quoted in Japanese yen then a pip is the second decimal place.

Understanding Live Forex Charts

The Forex market is the most liquid trading market in the world, and that also makes it the most dynamic market. Traders regularly make and lose tons of money in this market and for the most part, many new entrants find it highly confusing and overwhelming. As a trader in the Forex market, knowing current events as they unfold, and trends as they form, is crucial to your strategy and trading plan.

Currency Trading Strategies Simplified

Forex traders generally employ one of two strategies while trading currency – Technical Analysis or Fundamental Analysis. Each of the strategies themselves can be executed differently, through means that individual traders pick for themselves. However, technical or fundamental forms the guiding principle behind a trader’s actions and decisions in the market.

Tips on How to Trade the GBP/USD

The GBP/USD is the most popular and the most volatile currency pair of all the major Forex currencies. The reason for its volatility is simply due to its popularity; more traders’ means more movement in the market. This makes the GBP/USD a very profitable currency pair to trade, but it also makes it susceptible to big swings and erratic behaviour.

Eight Fool-Proof Advantages of Trading on Forex Over Trading on Futures or Stocks

Lots of friends and family members asked me about investing in stocks, futures or small start up. Frankly, based on my education in International Finance, I have traded in stocks, futures and currency exchange (Forex). I find it, the most interesting trade is in Forex. Here I abstracted eight fool-proof advantages of Forex over stocks and futures trades ranging from its sheer size, mechanism of setting profit and loss level, 24-hour availability, low start up, commission free, control, rollover and selection. This list is not in priority order as I consider them all are important and they are listed in numeral and alphabetical order. I did not cover risk as I consider risk is an individual discretion depending on the type of personality. To put it another way, all investments carry certain degree of risk. It is up to individual to take the risk depending on whether they are risk averse or risk taker. This article will help any individual decide to take up or not to take up Forex trading as an investment mechanism. It is however not a guarantee of success as one must consult Forex professional to get further advice.

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