Forex

Home     Previous lesson   Next lesson    I think you have done with first lesson. If so this is the time to head into the next lesson. I named it as More than introduction, because it is a part of introduction but it is bit advanced than an introduction. Here I am going to discuss about Pips and Leverage. What are PIPS A "pip" is the smallest unit of a any currency pair. Because of this, that is the smallest currency value can be moved up or down in Forex market. Just see an example. Eg: In GBP/USD currency pair, an increment from 1.2675 to 1.2676 is a 1 pip. That mean if the value moves by 0.0001 is known as a movement of one Pip.  But there are exceptions like USD/JPY, changing of it's value is considered only up to second decimal point. So  movement of 0.01 is known as one pip in USD/JPY.  Lets see what is the important of a Pip. The profit is calculated by amount of pips you have earned during a one trade. To calculate t...

Home   Next lesson Well this is the first lesson you are going to learn. So I think it is important to know the basics of Forex. Let's see what is Forex? Forex or foreign exchange market is the largest financial market in the world which exchanges more than 3 trillion of dollars per day. When comparing with New York stock market Forex is a huge member of financial markets. Let's see what are you going to trade in Forex market? As you know you can buy a house for 1000$ and then you can sell it for 1250$. The profit is 250$. In that business you bought house physically. Same thing is happening in Forex market as well. You will buy a currency (actually currency pair) and you will sell it once the price increased. The exception is in Forex you will not buy any currency pair physically. You only invest and looking for price movements and sell when you got profit.  Well now you will ask why you should learn Forex. Why can't I start it just now? Yes you can start just now. But...

Home    Previous lesson     Next lesson Japanese candlesticks is a must know thing for all Forex traders. If you don't know this, you have to depend on the other traders for Forex signals. So learn to read Japanese candlesticks effectively. Since you have read my all previous posts so far I think you are familiar with the Forex jargon. So it'll be easy to go bit deep in to Forex technical analysis. If you not went through my previous lessons first read those to have basics of Forex trading. Let's see what is a Forex chart and then we will move in to Japanese candlesticks.  What is a forex chart and why do we use it Forex chart is a simple graph with two axes which illustrates the changing of the value of a given currency pair over the time. So it looks like this. Why do we use charts in forex. There are various reasons.       1. They provide a good visual image of price movement of a currency pair. ...

Home    Previous    Next  First of all I want to say "Trend is your FRIEND". Go with the trend, otherwise you will loose most of the trades.  Anyway now you know something about forex charts. Here we'll learn further more about reading forex charts. What is "Trend" Trend is the next most important thing in forex trading. By now you already know that we have to predict the price movement of the currency pair to buy it now or to sell it. So for this we have to know what is the likely direction for the price to move in next few minutes or hours. So it is called a "Trend" The trend can be of two types  Upward trend ( Bullish trend) Upward or bullish trend is an upward price movement with the time. If you have found that there's an unward trend is developing for a currency pair, you can buy the currency pair at that time. Then you have to wait till it's price goes up and once it is at your desired level, you can sell it. So you make a profit....