What is Forex?
How Do You Trade Forex?
Now, it's time to learn HOW to rake in the moolah!
When Can You Trade Forex?
Now that you know who participates in the forex market, it's time to learn when you can trade!
Who Trades Forex?
From money exchangers, to banks, to hedge fund managers, to local Joes like your Uncle Pete - everybody participates in the forex market!
Why Trade Forex?
Want to know some reasons why traders love the forex market? Read on to find out what makes it so attractive!
Margin Trading 101: Understand How Your Margin Account Works
A beginner's guide on how margin trading works. If you skip these lessons, you will quickly obliterate your trading account. Guaranteed.
- What is Margin Trading?
- What is Balance?
- What is Unrealized P/L and Floating P/L?
- What is Margin?
- What is Used Margin?
- What is Equity?
- What is Free Margin?
- What is Margin Level?
- What is a Margin Call Level?
- What is a Stop Out Level?
- Trading Scenario: Margin Call Level at 100% and No Separate Stop Out Level
- Trading Scenario: Margin Call Level at 100% and Stop Out Level at 50%
- Trading Scenario: What Happens If You Trade With Just $100?
- Warning: Different Forex Brokers Have Different Margin Call and Stop Out Levels
- The Relationship Between Margin and Leverage
- Margin Jargon Cheat Sheet
What are Pips in Forex?
Time to study some mathematics, don’t worry it is not as hard as algebra but needs serious attention and concentration; it is advised to not jump in trading before knowing this. Pips in Forex is the measurement unit which is used to determine the change in values of two currencies when compared together. Other names like Pipettes or Lots also know for this trading unit. Pips in Forex are used to calculate the movement or value of currency whether trades are rising or shattering. Usually, a pip is the last digit of the price quote; a pair is compared up to the last four digits.
At FX which is a vast and giant trading market, even 1/10th value of a pip matters a lot and gets considered as pipettes. Pips are calculated as per the currency it gets used for. Every currency carries its respective value based on which the calculation of the pip takes place. The values next to the two highest numbers in the traded value can determine pipettes. After all this brief introduction, one important question which you will be thinking to ask is how to find the pip value in my account (if trading on FX), answering this question, the first thing which one has to do is to convert the given traded value in their base currency. After that multiply or divide the given pip value by the exchange rate of your quote. If found pip value and traded currencies are the same then there is nothing much to do.