• Forex Glossary 1 – 1

    Arbitrage The act of discovering a price discrepancy for a commodity or a financial instrument on different markets and profiting by simultaneously buying at the lower price and selling at the higher price. Ask The price at which the broker/dealer is willing to sell. Also known as the “Offer” price. This is the price where […]

  • Introduction to Metatrader 4

    MetaTrader 4 is the most widely used Forex trading platform in the retail Forex world today. It presents users with a multitude of tools which make trading easier, and provides a uniform interface for trading between different brokers. Perhaps MT4’s greatest functional attribute is that it can execute trading robots, called “expert advisors,” automatically without […]

  • The Best Forex Trading Hours

    The best time to trade on the Forex (Foreign Exchange) is when the market is most active. When more traders are active, trading spreads the difference between the bid price and the asking price tend to narrow. The result is that less of your money goes to the market maker the specialist who trades the […]

  • Forex Pips Definition – What are Pips?

    Definition: The word pips is an acronym for percentage in point, sometimes also called a price interest point. If that didn’t help you, here is a better explanation that is less technical. Pips represent the smallest movement that a currency pair can make. Typically this is equal to 1 basis point, but not always. If […]

  • ACCOUNT PREFERENCES

    Minimum Account Deposit The minimum account deposit is important for all traders. Forex beginners don’t want to risk much money before understanding what is really going on in the Forex market. Furthermore advanced Forex traders may wish to deposit only a few hundred bucks in a Forex Broker in order to test its real trading […]

  • BID, ASK and SPREAD

    ASK: the price of the base currency at which the dealer is willing to sell in exchange for the quote currency. In simple words, the ask is the price at which you will buy. SPREAD: the difference between the ask and the bid prices. In other words, it is the difference between the market maker’s […]

  • What is Lot?

    Let’s say there is a quote for USD/CAD at the exchange rate of 1.4850. You probably wonder if it is possible to buy 1USD or 12USD… in fact you probably think that you can buy any “quantity” of USD. The answer is NO, you cannot simply buy any “quantity” of a currency. Similar to a […]

  • Leverage and Margin

    When you talk about leverage, think about a loan. Who gives away this kind of loan? FOREX broker who takes care of the trader’s account provides the loan. Possible options of leverage are 50:1, 100:1 or 200:1 depending on a broker and the size of the position you are trading. Standard lot size is USD […]

  • What is Forex?

    What is Forex? The Forex (Foreign Exchange) Market is the largest market in the world. It is the market where currencies are traded. Each day, more than 4 trillion dollars are exchanged. Why trade Forex? 24 hour Market The Forex market is open 24 hours a day, so that you can be right there trading […]