Elena Triston
(ele020)
Uczestnik z Apr 15, 2020
219 postów
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
Uczestnik z Jul 23, 2020
869 postów
Mar 22 2021 at 14:43
Thanks. I understand concept easily.
AliaDare
Uczestnik z Jul 19, 2020
788 postów
Mar 22 2021 at 15:48
These are the basic things you should learn first when trading forex. I understand things very well.
Elena Triston
(ele020)
Uczestnik z Apr 15, 2020
219 postów
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
Uczestnik z Jun 29, 2020
26 postów
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
Uczestnik z Mar 24, 2021
6 postów
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)
Uczestnik z Apr 15, 2020
219 postów
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)
Uczestnik z Apr 15, 2020
219 postów
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)
Uczestnik z Apr 15, 2020
219 postów
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
Uczestnik z Jul 23, 2020
759 postów
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
Uczestnik z Jan 01, 2021
16 postów
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)
Uczestnik z Apr 15, 2020
219 postów
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)
Uczestnik z Apr 15, 2020
219 postów
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
Uczestnik z Apr 03, 2021
12 postów
Apr 20 2021 at 10:13
It is important for newbies to understand the market first and then jump into investing and trading.