Spread in Forex Explained - Definition/Meaning & ExamplesA spread in forex is the difference between the bid (sell) price and the ask (buy) price of a currency pair and essentially represents a broker's way of making money without charging a commission on a transaction. It is important for new traders to understand how forex spreads work, how they are calculated and why they exist in the first place.  Here are some important questions to...

 What is a Lot in Forex Trading?  If you're new to Forex trading, you may have heard the term "lot" being used. But what exactly does it mean? In the Forex market, a lot refers to the standardized quantity of a currency pair that is traded. In other words, it's the amount of currency that you buy or sell in a single trade.There are three main types of lots that are used in Forex trading:Standard Lot: A standard lot is the equivalent of 100,000...

 WHAT IS A PIP IN FOREX? In forex trading, a pip is a unit of measurement used to express the change in value between two currencies. The term "pip" stands for "percentage in point" or "price interest point," and it represents the smallest possible increment by which a currency pair can change.The rate of a pip differs depending on the money pair being traded and the lot size of the trade. For example, in a standard lot (100,000 units) of the EUR/USD...

  WHEN TO BUY OR SELL A CURRENCY PAIR   Knowing when to buy or sell a currency pair is a critical aspect of forex trading. Buying and selling currency pairs involves making predictions about future price movements, and as a forex trader, you need to be able to identify the best opportunities to enter and exit trades. Here are some tips to help you know when to buy or sell a currency pair: 1. Analyze the Market: To know when to buy...

HOW TO MAKE MONEY TRADING FOREXFX trading is the act of purchasing and selling currencies to make a revenue. While forex trading can be highly profitable, it can also be risky and requires a great deal of skill, knowledge, and discipline. In this article, we will discuss some tips and strategies for making money trading forex.Understand the BasicsBefore starting to trade forex, it is important to have a strong understanding of the basics. Here are some key...

 HOW TO TRADE FOREX It is a decentralized market, meaning that it is not located in a single physical location but rather consists of a global network of banks, financial institutions, and individual traders who buy and sell currencies electronically. In this article, we will explore the basic steps involved in trading forex.Step 1: Understand the Forex MarketBeforehand you start buying and selling forex, it's essential to recognize the essentials...

  FOREX MARKET SIZE AND LIQUIDITY  The FX (forex) marketplace is the biggest and most liquefied financial marketplace in the world, with a day-to-day exchange capacity of over $6 trillion. But what does this mean in terms of market size and liquidity? In this article, we'll explore the scale and depth of the forex market.Market SizeThe forex market is decentralized, meaning that it does not have a physical location or central exchange....

  BUYING AND SELLING CURRENCY PAIRS In forex trading, buying and selling currency pairs is the primary way of making a profit. But how exactly does this process work? In this article, we'll explore the basics of buying and selling currency pairs in the forex market.What Are Currency Pairs?A currency pair is a combination of two currencies that are traded together in the forex market. The first currency in the pair is identified as the base currency,...

 WHAT IS TRADED IN FOREX  Forex, short for foreign exchange, is the process of exchanging one currency for another. Forex trading involves buying and selling different currencies in the hopes of making a profit from the fluctuations in their exchange rates. But what exactly is traded in forex? In this article, we'll explore the different currencies that are traded in the forex market.Major CurrenciesThe forex market is dominated by a few major...

  WHAT IS FOREXForex, short for foreign exchange, is a global decentralized market where one currency is traded for another. It is the largest financial market in the world, with daily trading volumes exceeding $5 trillion.The forex market operates 24 hours a day, five days a week, and is accessible to anyone with an internet connection. Traders from all over the world buy and sell currencies in the forex market to make a profit. Forex trading is...

  HISTORY OF FOREX TRADING  Forex, or foreign exchange trading, is the process of buying and selling currencies to profit from the fluctuations in their value.Forex trading has grown to be one of the world's largest financial markets, with an average daily trading volume of more than $5 trillion.  But the history of Forex trading is a long and fascinating one, with roots going back to ancient times.The Beginnings of Currency TradingThe...