Well, when we open a new position, we always want to make some profit from it. Sometimes we can guess where the wind comes from and sometimes we can not.
For making a revenue in Forex, we first decide the rate between a value and a value. For example USDCHF will be on 1.0400 – 1.0490 [...]
0 comments admin | Currencies, Forex, Forex Education, General, Resources, Trading |
In a big country such as USA, China, Canada, Turkey etc… Unemployment rate is a unique indicator for economy. When a person becomes unemployed, he/she can not survive his/her life easily. He/She needs money to continue his/her life. In big countries, when a person falls like a this situation, the goverment helps him for some [...]
Everybody imagine that one day they will be millioners. Somebody may reach this goal at the end of his life. However, most of people only stay on their chairs and wait for money to come him. Is it really possible to except money with doing anything? That is definetly impossible!
Forex gives you more power than [...]
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As you know that the rate went on to 1.3600 around. It is really very bad for Europe. The main problem which is seen on is Greece and Portugal. Some of them say that Greece must be out of Euro and back to Drahmi.
In Greece, the goverment of this republic made some decision about their economic [...]
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Nowadays, all the people want something which are needed in the life. Â A car and a home will be enough for most of the people. However, it is too hard to buy these two great things. Because it will cost you too much money. If you try to pay little by little, you will get [...]
The technology develops, also everything is on technology. Today the most important technologic development is “mobile phones”. Of course they improve us many facilities in our lives. Here, we will tell why the mobile phones are important for us.
As you know that if you are in business, especially in Forex Business, you should always be [...]
0 comments admin | General |
On the net, you will find many types of educational documents. Of course, reading and reviewing all of them will give you power. However, get focus on using a demo account in Forex. Because it’s a kind of real world of Forex. The only difference is “investing with unreal money”
Also viewing the charts and characteristic [...]
In our example from the previous article, we actually alluded to a few things. The first, is that there were a few costs in our example trade of 1 lot of GBP/USD. The hidden cost is the “spread†or the commission the broker earns for completing our trade.
How Forex Spreads Work
Unlike stocks or other tradeable [...]
Technical analysis is very much different from fundamental analysis in that a technical analyst assumes that the price shows all known information about a currency pair. For the most part, forex technical analysts study charts rather than economic indicators to find the best entry and exit prices.
How Technical Analysis Works
Technical analysts use indicators and chart [...]
In the Forex market, prices are quoted in pips. Pip stands for “percentage in point†and is the fourth decimal point, which is 1/100th of 1%.
In EUR/USD, a 3 pip spread is quoted as 1.2500/1.2503
Among the major currencies, the only exception to that rule is the Japanese yen. In USD/JPY, the quotation is only taken [...]