The most common currency pairs
EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/CHF, EUR/JPY, USD/CAD
EUR/USD is 28% of all deals.
EUR/USD is 28% of all deals.
how to read quotes
Selling price (Bid) Spread Selling price (Bid)
1.3000 1 point 1.3001
Point (pip)
The fourth unit after the decimal point, which is the smallest unit of an exchange rate.
Spread
The difference between the sell quote and the buy quote (in pips).
1.3000 1 point 1.3001
Point (pip)
The fourth unit after the decimal point, which is the smallest unit of an exchange rate.
Spread
The difference between the sell quote and the buy quote (in pips).
what influences currency rates
Central Banks
-Money circulation
-Interest rates
-Mandatory reserve funds
Country's Economics
-GDP, inflation, debt
-Imports/Exports
-Interest from investors
Politics
-Stability of government
-Public statements
-Change of officials
-Money circulation
-Interest rates
-Mandatory reserve funds
Country's Economics
-GDP, inflation, debt
-Imports/Exports
-Interest from investors
Politics
-Stability of government
-Public statements
-Change of officials
Leverage - the golden tool
Leverage enables the trader to trade positions larger than the amount of funds in their account. Leverage is presented in the form of a multiplier that shows how much bigger an open position is than the margin (the actual investment amount) against which it is opened.
For example, in order to open a $10,000 position you can use a margin of $25 with a leverage 1x400: $25x$400=$10,000.
How to change the leverage
The best platforms enable you to edit the leverage level and margin of each position to suit your personal risk-reward strategy with just one click.
Tips & Warnings
- Keep in mind that the higher your leverage the higher your risk! Make sure you use Stop Loss to limit the potential losses!
For example, in order to open a $10,000 position you can use a margin of $25 with a leverage 1x400: $25x$400=$10,000.
How to change the leverage
The best platforms enable you to edit the leverage level and margin of each position to suit your personal risk-reward strategy with just one click.
Tips & Warnings
- Keep in mind that the higher your leverage the higher your risk! Make sure you use Stop Loss to limit the potential losses!
multiple time frame analysis
The market can be analysed in several time frames: minutes, hours, days, weeks, etc. It may often seem that these indicators are contradictory. However, they aren't! You just need to combine the readings. Longer time periods shoe trends if such occur, ignoring minor accidental changes, whereas minute graphs are used for choosing the moment to open and close positions.
Professional traders use the daily charts to spot trends and minute charts to set the entry & exit points.
Professional traders use the daily charts to spot trends and minute charts to set the entry & exit points.