Basic Forex -Forex Trading Transactions

Basic Forex -Forex Trading Transactions
There is a basic concept that must be understood in advance about how to profit when the forex transaction. Trading forex / forex transactions that kind there are 2 of the transaction opening and closing the transaction. When you perform a transaction opener, it was called the OPEN POSITION / OPEN, because you open yourself ...

Basic Forex – Forex Pips and contract size

Basic Forex - Forex Pips and contract size
“In the forex market, the unit of change in the price movement called PIP. For example, the current price of GBPUSD is 1.5600 then if then their prices change so 1.5602 is called the rose as much as 2 pips ” Smallest Currency Unit (point / pip) and Contract Size Point (pip) is the smallest ...

Forex Currency Explanation

Forex Currency Explanation
What is Forex Currency? Forex currency is traded currency in the forex business. Not all currencies are traded every country .Only the currency used for international payments are traded. The following are the major currencies traded in the forex market: Symbol Country Currency USD United States Dollar EUR Euro members Euro JPY Japan Yen GBP ...