Many forex traders limit their trading activities to major currency pairs such as EUR/USD or GBP/USD, or also trade with other “majors” like USD/CHF, USD/JPY, AUD/USD, USD/CAD, and NZD/USD. But over and beyond this, there are also the so-called cross currency pairs or currency crosses, as they are occasionally referred to. Also known as crosses …
Currency crosses in forex trading explained (2020) Read More »
History of the Forex Market Traders love the forex or foreign exchange market for its great range of opportunities. Forex trading calls for sound previous knowledge and experience, though, as it is principally subject to a commensurate risk. But before going into the details of how forex trading works and its peculiarities, a short review …
What is Forex? A Comprehensive Overview for Beginners (2020) Read More »
Choosing a forex broker: Forex trading continues to be extremely popular. With a daily volume of $5.1 trillion, forex is the largest and most liquid market in the world. Even the largest debt market in the world, the US bond market, has a daily volume of “only” $456 billion. This explains the tremendous interest in …
Forex Brokers – most important points to consider (2020) Read More »
To manage risk more effectively, it is important to know the pip value of each position in the currency of your trading account. In this article I would like to provide some information on the calculation of the pip value in forex trading. Forex traders are regularly faced with the question how to calculate the …
Calculating the pip value in forex trading (2020) Read More »
