www.4xlearning.com In this video we are going to talk about “PIP”… A “pip” is the smallest measurement for a currency rate, and it is usually the 4th decimal for all major pairs except for JPY, which uses the 2nd decimal… For example, if the exchange rate for USDCAD moved from 0.9800 to 0.9802, it means [...]
www.4xlearning.com Contrary to the stock or commodity markets, Foreign Exchange or Forex, is traded in pairs. It’s common sense really, because when you exchange money with money instead of goods, you need to specify what you are using to exchange with what… It may sound confusing at first, but just bear with me for now… [...]
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Guest Article: Developing a successful forex strategy is no easy task. It will take a lot of effort and you are going to have to avoid the easy systems that are too good to be true. Here are some forex tips on how do you go about developing a profitable forex strategy. There are people [...]
If you are not an expert in the area of foreign currency trading, it’s unlikely that you will know that much about forex trading and the currency markets. So let’s start with basics. Forex simply stands for Foreign Exchange. The forex markets allow for foreign currencies to be traded with each other. But how [...]
