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The latest Messages 7
2021-08-11 06:12:30
PIP & SWAPPIP : (Percentage in Points) is the value of the change in a pair. A pip is the smallest price movement that can be made by an exchange rate based on the Forex market.
How to calculate pips:
1 PIP = 10 Points
10 PIP = 100 Points
100 PIP = 1000 Points
1000 PIP = 10,000 Points
Example :
SL 20 PIP = 200 Points
Buy Now @ 153.507
SL 20 PIP/200 Points : (153.307)
TP 40 PIP/400 Points : (153.907)
Swap : Charges will be imposed by the broker if there is a position that has not been closed or carried over to the next day. Positive or negative swaps depend on the number of lots. Swap rates change from time to time.
14.7K views03:12
2021-08-11 06:05:45
TIME FRAME IN FOREXThere are 9 time frame in forex :-
1. M1 (1 Minutes)
2. M5 (5 Minutes)
3. M15 (15 Minutes)
4. M30 (30 Minutes)
5. H1 (1 Hour)
6. H4 (4 Hours)
7. D1 (1 Day)
8. W1 (1 Week)
9. MN (1 Month)If you were to choose H1, it means the H1 candlestick chart will represent chart pattern for a period of 1 hour.
If you were to choose M1, it means one candlestick chart will represent chart patterns for a period of 1 minute.
13.4K views03:05
2021-08-11 06:00:53
TIME TO TRADE FOREX
The Forex currency market runs 24/7 but can only be traded on Monday to Friday only (5 days). This is because brokers close on Sundays including general holidays.
In a day, not every time the market is full! There are brisk times, there are slow times. The London and New York sessions were the most frequent. In these two sessions, there is an overlap time.
Market sessions can be used as a guide to determine which currencies are the most traded. Usually, Monday the market is slow due to the new market opening.
In the middle of the week, the market is the most active. Friday is a better time to close all posions or make a breakeven because it is the last day for the week.
13.3K views03:00
2021-08-10 18:57:18
EXOTIC PAIRS
13.8K views15:57
2021-08-10 18:57:16
CROSS CURRENCY PAIRS
13.7K views15:57
2021-08-10 18:57:15
MAJOR CURRENCY PAIRS
13.6K views15:57
2021-08-10 18:57:12
CURRENCY PAIR TYPE
MAJOR
- Main currencies include USD
MINOR
- Currencies excluding USD which is known as Cross Pair
EXOTIC
- Currencies which has some developed market qualities but does not fulfil all the necessary standards.
13.2K views15:57
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