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What is Margin in Forex？
Margin in forex trading is essentially the required minimum capital that a trader needs to commit to open and maintain a trading position. This amount serves as security for the leverage extended by brokers. For example, with a 2% margin requirement, a trader can manage a $10,000 position by only depositing $200, effectively borrowing the remaining amount from the broker. Brokers determine margin as a percentage of the total trade size, which traders must provide to initiate a trade. Should the trader's account equity drop below the set maintenance margin, brokers have the right to call for additional funds to sustain the position. This margin serves as a protective measure against possible losses in trading.
What is a pip in forex？
A “pip” in forex trading, short for “percentage in point”, represents the smallest price movement in the exchange rate of a currency pair. It is a standardized unit of measurement used to express the change in value between two currencies.
What is a forex god?
The term “Forex God” stands as a metaphorical epitome of excellence in the field of foreign exchange trading. It's a label informally coined within the trader community, denoting an individual whose expertise and success in the forex market are extraordinary. These individuals are distinguished not just by their financial gains but also by their profound understanding of forex market intricacies, astute insights into global economic variables, and their ability to anticipate market shifts with remarkable precision.
Where to buy bitcoin?
You can purchase Bitcoin through various platforms including cryptocurrency exchanges like Coinbase, Binance, and Kraken; peer-to-peer trading; Bitcoin ATMs; and direct commercial exchanges. Remember to set up a digital wallet for storage and always exercise safety and caution.
How does bitcoin work?
Bitcoin works by utilizing a technology called blockchain. Blockchain is a system of recording information in a way that makes it difficult or near impossible to change, hack, or cheat the system.
What is digital currency？
Digital currency is a type of currency that is only available in digital or electronic form, not in physical form like notes or coins. It allows for instantaneous transactions and borderless transfer of ownership. Examples include cryptocurrencies like Bitcoin, as well as digital payment systems like PayPal.
Is Crypto Over, Is There a Future?
It's impossible for any entity to definitively say if the era of cryptocurrency is over or predict its future with absolute certainty. The field is still quite young, vibrant, and volatile. Innovations, regulatory changes, and market dynamics could all significantly impact the future of cryptocurrencies.
What is the Forex Market?
The foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.
What is scalping in forex?
Scalping is a popular trading strategy used primarily in the Forex market, characterized by the execution of a large number of trades to capitalize on small price movements. Unlike other trading strategies that aim for significant price shifts and may hold positions for hours, days, or even weeks, scalping is all about speed and precision.
Three jobs data fight each other! Confused market winds on the eve of non-farm payrolls?
The latest ADP ‘small non-farm payrolls’ employment report, the Challenger layoffs report and the initial jobless claims data were released one after another. These three data together reflect the current situation of the U.S. labour market, although the statistical cycle is different, the market's interpretation of this focus.
GOLD TRADING ALERT: Weak U.S. job openings data, a 50 basis point rate cut heats up
GOLD TRADING ALERT: Weak U.S. job openings data, a 50 basis point rate cut heats up, and a plunge in U.S. bond yields help gold hold the Bollinger Bands mid-rail
Aggressive Rate Cut Bets Sweep Financial Markets!
Aggressive Rate Cut Bets Sweep Financial Markets! More and more traders are betting big on the Fed's upcoming 50 bps rate cut
Supply and Demand vs Support and Resistance
Supply and demand and support and resistance have a lot of similarities, but the aim of this page is to distinguish the two and identify how you can use support and resistance to trade supply and demand.
The Forces of Supply and Demand
The primitive forces of capitalism rule markets like the laws of gravity. Buyers and sellers provoke a battle to find a happy medium agreement in every financial market. As prices dance around on charts, traders are often looking for reasons to explain price movements however, the underlying source of price movement boils down to the relationship between supply and demand. Generally, positive news means increased demand and lessened supply – equating to higher prices. Negative news usually spells lower demand and increased supply.
How to Trade with Long Wick Candles
Long wick candles are recurrent within the forex market. This makes understanding the meaning behind these candles invaluable to any trader to comprehend the market dynamics during a specific period.
Morning Star Candlestick and Evening Star Candlestick
The Morning Star candlestick is a three-candle pattern that signals a reversal in the market and can be used when trading forex or any other market. Correctly spotting reversals is crucial when trading financial markets because it allows traders to enter at attractive levels at the very start of a possible trend reversal.
How to Trade with the Piercing Line Pattern
The piercing line pattern consists of two candlesticks, which suggests a potential bullish reversal within the forex market. This piercing pattern should not be used in isolation but rather in conjunction with other supporting technical tools to confirm the piercing pattern.
Trading Reversals with the Harami Candlestick
One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about real time sentiment in the market. After the pattern is composed with the closing of the signal candle, then you can look to the following candle to identify a clear bias and risk points.