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    Thread: Some Forex Terms You Need To Know As A Trader!

    1. #1
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      Default Some Forex Terms You Need To Know As A Trader!

      I think these will be very useful to anyone that is new in forex trading. It will be very helpful if you read it over and over until it become part of you.
      Long – Buy
      Short – Sell
      Base Currency – The Currency on the left side of a pair (USD/CAD)
      Quote Currency – The Currency on the right side of a pair (USD/CAD)
      Bid Price – The price at which the broker is willing to buy from you.
      Ask - The price which the broker is willing to sell to you.
      Pip – The smallest change in currency value.
      Spread – The difference between bid and ask price.
      Margin – Amount you deposit with your broker – that is your capital.
      Leverage – This is the number of times your broker is will to multiply your capital e.g. if you deposited $200 and your broker gives you a leverage of 1:100, it means you can trade up to $20,000


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      Really helpful if anyone reads and follow these terms, I think most of beginners know well about these but if anyone has just joined this forum without reading anything anywhere these are really helpful for those who really want to start forex trading and want to learn some about doing a good trading, we know most of beginners not try to learn first then try to earn big profits in beginning day of their trading and lose their real money then realize that learning is the first step to start trading here to make money.


    3. The Following User Says Thank You to mransari For This Useful Post:

      Onyechuku (06-25-2019)

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      Quote Originally Posted by mransari     
      Really helpful if anyone reads and follow these terms, I think most of beginners know well about these but if anyone has just joined this forum without reading anything anywhere these are really helpful for those who really want to start forex trading and want to learn some about doing a good trading, we know most of beginners not try to learn first then try to earn big profits in beginning day of their trading and lose their real money then realize that learning is the first step to start trading here to make money.
      My dear mransari, thanks for your comment, I appreciate. You are right, most of beginners know well about these things and most of beginners do not try to learn first, but they try to earn big profits in the beginning days of their trading and lose their real money then realize that learning is the first step to start trading. Wishing you more profitable trading.

      Onyechuku Trading Journal
      https://forum.mt5.com/showthread.php...1#post13281305


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      Pip. In Forex trading, a PIP or pip is short for 'percentage in point' and is a measure for exchange rate movement. ...
      Spread. A spread is the pip difference between the bid and the ask price of an underlying asset. ...
      Leverage. ...
      Margins. ...
      Volume. ...
      Slippage


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