About: anakin
Recent Posts by anakin
Lesson 9: Understanding MetaTrader 4 (MT4)

When it comes to trading, you’ll likely often hear about MT4. What is it exactly? MetaTrader4 (MT4) is a popular online trading platform that traders can use to automate their trading. Its simple user interface gives access to advanced technical analysis and flexible trading systems. Here’s a guide on what MetaTrader 4 is and howContinue Reading
Written on April 4, 2022 at 1:08 am
Categories: Beginners
Lesson 8: Leverage: The key to forex market

In this lesson, we will talk about leverage and how it affects your trading. What is Leverage? In simple words, leverage is a facility allowing traders to trade with less capital. As we explained to you previously, 1 standard lot equals 100.000 units. If you buy 1 lot of USDCAD, you are purchasing 100.000 USDContinue Reading
Written on April 3, 2022 at 3:15 am
Categories: Beginners
Lesson 7: What are the key forex terminologies?

When you enter the forex market, you will come across a lot of jargon that might catch you off guard, including bulls and bears, hawks and doves, pips and ticks, and more. To understand the market, you must have a solid knowledge of regularly used market jargon. Here are several terms you will encounter whenContinue Reading
Written on April 2, 2022 at 3:14 am
Categories: Beginners
Lesson 6: Getting to know bid price, ask price, and spread

In this lesson, we will cover the following: The two prices in the financial markets. What is the spread, and why it’s important? Prices in the Forex Market There are always two prices when you trade the forex market, the stock market, or any other financial market. Bid Price – The price that you useContinue Reading
Written on April 2, 2022 at 3:10 am
Categories: Beginners
Lesson 5: Pip value and calculation

What is a pip value, and how is it calculated? To answer the question, you’ll need this information: the lot size you’re trading, the quote currency, and your account currency. Allow me to explain. The Lot Size As you are probably aware, there are many lot sizes in the forex market, such as standard lot,Continue Reading
Written on April 2, 2022 at 2:45 am
Categories: Beginners
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