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...