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 ...

Basic Forex : The Meaning Of Forex

Basic Forex : The Meaning Of Forex
What is forex? Forex is derived from the word “Foreign Exchange”, which means foreign currency exchange, or the exchange of one currency to another, the goal is to initially foreign payment. Because of differences in supply and demand within a certain period of time, resulting in fluctuations in currency values compared to the other one. ...

Commodity Channel Index On Forex Analysis

Commodity Channel Index On Forex Analysis
Commodity Channel Index (CCI) is a technical indicator developed by Donald Lambert. This indicator was originally developed to analyze the movement of the commodity, but it developed into one of the indicators that are popular and widely used by traders to analyze the movement of stock indices and currencies.   We ¬†will discuss the use ...

Risk to Reward Ratio Strategy

Risk to Reward Ratio Strategy
One way to increase the profit opportunity is performing a transaction when the potential benefits outweigh the risks. For example, the potential returns three times greater than the risk. Thus the ratio is 3: 1.   See the following table as an example:   In this example, we can see that even though only half ...