Forex Basics

Which Forex Currency Pair Do I Have To Choose When Trading On The Forex Market?

Choosing the right Forex currency pair is one of the most important decisions when you are mapping your future Forex trading strategy. Although you can switch from one Forex currency pair to another one during the test phase of your trading strategy, it should be common sense of a novice Forex trader to stick with one currency pair when trading ...

Forex Historical Data

If you are developing or testing a new Forex trading software, begin with Forex historical data available by CD or download. It is not only much less expensive than using an API, but it also postpones the programming problems of a Forex API. Make sure that your Forex test data includes a ...

What is meant by "PIP" as used in Forex terminology?

A pip is the last decimal place of a quotation. The PIP (or POINT) is how we will measure our profit or loss. For example if the EUR/USD moves from 0.9550 to 0.9551 that is 1 Pip. As each currency has its own value it is necessary to calculate the value of a pip for that particular currency. We also want a ...

What is Forex?

The Foreign Exchange market, also referred to as the Forex or FX market, is the largest financial market in the world, with a daily average turnover of well over 1 trillion USD. Unlike other financial markets, the Forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations and private ...

Forex Trading opening hours

The foreign exchange market, or forex, is open for business 24 hours a day. This means you can trade on your schedule, not your broker’s.

Which Forex trading Platform has an adjustable leverage?

The three most common leverage ratios available from online forex brokers are 50:1 (lowest risk), 100:1 and 200:1 (highest risk). The K factor is a new way to look at leverage. The K Factor for the 100:1 leverage ratio is 1. The K Factor for the leverage ratio of 50:1 is .50, and the K Factor for the leverage ratio of 200:1 is 2. Some ...