Elena Triston
(ele020)
Mitglied seit Apr 15, 2020
219 Posts
Mar 22 2021 at 11:35
We all come across these three terms daily when trading. Many newbies tend to interchange these for each other. I have tried to explain in the simplest way possible.
The more your practice, the more you learn.
LyudmilLukanov
Mitglied seit Jul 23, 2020
869 Posts
Mar 22 2021 at 14:43
Thanks. I understand concept easily.
These are the basic things you should learn first when trading forex. I understand things very well.
Elena Triston
(ele020)
Mitglied seit Apr 15, 2020
219 Posts
Mar 23 2021 at 06:53
LyudmilLukanov posted:You are most welcome! :)
Thanks. I understand concept easily.
The more your practice, the more you learn.
Freddraven
Mitglied seit Jun 29, 2020
26 Posts
Mar 26 2021 at 11:27
AliaDare posted:It is good that you have some knowledge about this and understand it well. I’ve also seen a lot of traders who have absolutely no idea about a few basic concepts and terminology.
These are the basic things you should learn first when trading forex. I understand things very well.
groundhogday
Mitglied seit Mar 24, 2021
6 Posts
Mar 26 2021 at 11:48
Nice explanation. I find it helpful
Freddraven posted:I understand it as well and it is important to know and begin with the basics. I was recently introducing my friend to forex and I recommended some learning courses.AliaDare posted:It is good that you have some knowledge about this and understand it well. I’ve also seen a lot of traders who have absolutely no idea about a few basic concepts and terminology.
These are the basic things you should learn first when trading forex. I understand things very well.
Thanks for the explanation. When I was a beginner, I used to face issues with understanding points, ticks, and pips. I am sure newbies will love the information.
Thanks for the explanation. When I was a beginner, I used to face issues with understanding points, ticks, and pips. I am sure newbies will love the information.
1 pip = 10 Points.
in picture, you con see ex : USDCHF the big digit 0.9298 is in the form of Pip, and the small one after, above, is points. from 0.9298 to 0.9299 is 1 pip. and to increase 1 pip the number of points would have to be from 1 to 10.
in picture, you con see ex : USDCHF the big digit 0.9298 is in the form of Pip, and the small one after, above, is points. from 0.9298 to 0.9299 is 1 pip. and to increase 1 pip the number of points would have to be from 1 to 10.
Elena Triston
(ele020)
Mitglied seit Apr 15, 2020
219 Posts
Apr 09 2021 at 04:12
Freddraven posted:Exactly and only such trader want to become rich in a couple of days from trading... I find it very difficult to digest how can anyone think of gaining so much until they have made good quality effort to learn the basics and practice .???AliaDare posted:It is good that you have some knowledge about this and understand it well. I’ve also seen a lot of traders who have absolutely no idea about a few basic concepts and terminology.
These are the basic things you should learn first when trading forex. I understand things very well.
The more your practice, the more you learn.
Elena Triston
(ele020)
Mitglied seit Apr 15, 2020
219 Posts
Apr 09 2021 at 04:15
groundhogday posted:Thank you. II am glad that it helped
Nice explanation. I find it helpful
The more your practice, the more you learn.
Elena Triston
(ele020)
Mitglied seit Apr 15, 2020
219 Posts
Apr 09 2021 at 04:19
tracicobb posted:Its a fact, in the beginning we all have confused ourselves with these terms.. To me it all sounded synonyms of each other. But with time I understood the exact meaning and reference of each term.
Thanks for the explanation. When I was a beginner, I used to face issues with understanding points, ticks, and pips. I am sure newbies will love the information.
The more your practice, the more you learn.
when use account zero spread, bid and as is same.
SofieAndreasen
Mitglied seit Jul 23, 2020
759 Posts
Apr 10 2021 at 11:32
langtufx posted:It is hard to find a zero spreads broker. If you find one, it will charge a commission. So, in the end, it's all same.
when use account zero spread, bid and as is same.
fredafernandez
Mitglied seit Jan 01, 2021
16 Posts
Apr 14 2021 at 12:48
SofieAndreasen posted:So, low spreads is the best option?langtufx posted:It is hard to find a zero spreads broker. If you find one, it will charge a commission. So, in the end, it's all same.
when use account zero spread, bid and as is same.
Elena Triston
(ele020)
Mitglied seit Apr 15, 2020
219 Posts
Apr 15 2021 at 05:06
ele020 posted:Hey guyssssss,,, I just noticed a mistake in my image... 😝 here is the corrected one.. I apologise for this typing error.
We all come across these three terms daily when trading. Many newbies tend to interchange these for each other. I have tried to explain in the simplest way possible.
The more your practice, the more you learn.
Elena Triston
(ele020)
Mitglied seit Apr 15, 2020
219 Posts
Apr 15 2021 at 05:09
patriciablack posted:Thank you @patriciablack I am glad it helped.. I am always ready to share my knowledge
This is actually very well explained and thank you for sharing it again..
The more your practice, the more you learn.
flossiewyman
Mitglied seit Apr 03, 2021
12 Posts
Apr 20 2021 at 10:13
It is important for newbies to understand the market first and then jump into investing and trading.