Making Money in Forex
Friday, July 9, 2010
Understanding Currency Quotes
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In the forex market, all price quotes are represented by two prices, known as the bid price and the ask price. Both the bid price and ask pr...
Long versus Short
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The terms long and short simply refer to the position a trader has taken with a trade; the trader has either bought or sold it. The term lo...
What Is a Pip?
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The term pip is an acronym for percentage in points and is used to measure the change in exchange rates on the forex market. A single pip re...
What Is a Pip?
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The term pip is an acronym for percentage in points and is used to measure the change in exchange rates on the forex market. A single pip re...
How a Currency Trade Works
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The way a currency is simultaneously bought and sold during a trade is confusing for many new traders, so an example will help clarify what ...
How a Currency Trade Works
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The way a currency is simultaneously bought and sold during a trade is confusing for many new traders, so an example will help clarify what ...
Currency Lots
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Currencies are traded in standard lot sizes to facilitate efficient trading on the forex market. The standard retail lot is 100,000 units o...
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