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Lesson 1 - What is Forex and how does It work?

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Know your forex terms Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms. Pip: A pip (percentage in point) or point, is usually the smallest unit of measurement in the Forex market. Most currency pair quotes are carried out four decimal places—i.e. 1.4500. When you work with Alpari quotes are carried out to the 5th decimal place to provide better pricing. The 5th decimal place represents fractional pips. If the exchange rate of a currency pair moved from 1.45000 to 1.45100, we would say that the price moved up 10 pips. You make money when the pips move your way in a trade. Note: Any exchange rate that contains the Japanese yen as one of the currencies will only be carried out three decimal places. Currency Pair: We wouldn't have a Forex market if we weren't able to compare the value of one currency against the value of another currency. It is this comparison that drives prices. Forex contracts are always quoted in pairs. The Euro vs. the U.S. dollar (EUR/USD) is the most heavily traded currency pair. The U.S. dollar vs. the Japanese yen (USD/JPY) is another popular pair. The following is a list of the most common currency pairs, their trading symbols and their nicknames: Euro vs. U.S. dollar (EUR/USD): "The Euro" Great Britain Pound vs. U.S. dollar (GBP/USD): "Pound," "Sterling," or "The Cable." U.S. dollar vs. Swiss franc (USD/CHF): "The Swissie U.S. dollar vs. Japanese yen (USD/JPY): "The Yen" U.S. dollar vs. Canadian dollar (USD/CAD): "The CAD," or "Loonie" Australian dollar vs. U.S. dollar (AUD/USD): "The Aussie" New Zealand dollar vs. U.S. dollar (NZD/USD): "The Kiwi"
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Text Comments (937)
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Bahaa Sallam (8 months ago)
I have never seen such a great and wonderful strategy like Frank Robert's own, his strategy and his pattern of trading gives everyone mighty winning, all that i have lost in the time past in the market are all back to me, his strategy is earning me mightily every week, You and your strategy are wonderful Sir.
Bahaa Sallam (8 months ago)
traders contact him for his great strategy throu email: [email protected]
Craig Richardson (8 months ago)
Getting a proven legit auto trading app in binary options is like being blessed with a money machine. Auto trading signals uses software (details here-https://t.co/tDBPaEhfXr) to not only obtain trading signals, but will even automatically place the trades for you. This is probably the easiest way to trade, but you need to remember that you are not guaranteed to always get the best trades if you are not with the best system
Daniel Fangl (8 months ago)
Convert your trading as a massive profit system by the strategy- I am getting well profit each day-https://t.co/8468e70YPG .
Alessandro Piatto (8 months ago)
All are Scammer are Moving away- Binary Trading is not Easy, I lost my thousands of dollar, but if you follow proper way then you will be success obviously, trust me ! NOW I am getting regular profit- you may follow there proper guideline and could earn profit instantly from here https://t.co/fplOrsTTiL
Dong Pham Van (8 months ago)
Great Opportunity for Forex 2018 with (Robot) EA Forex Never Die (Protect_9). System work fully automatic https://www.youtube.com/watch?v=KGFBB0BGdSM
Darnell Morris (8 months ago)
Alpari UK why would you need to go to switzerland for

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