#educationforex

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KingSize MT5 contest

The “KingSize MT5” contest for MetaTrader5 demo accounts is held weekly each Thursday and takes 24 hours. After each competition is finished, first ten traders, who opened the orders with the biggest volume, share the prize pool. The prize pool is distributed between ten best traders of the competition according to their final ranking. The winners’ prize money is transferred to their real…

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Forex Education and Currency Trading

If you have ever traveled abroad or have been gifted foreign currency from friends or family, then you must be quite familiar with exchanging the currency for your local currency. Forex Trading, also known as foreign exchange, is the process of transferring currency between two interested parties at an agreed price. Currency exchange is important for conducting foreign trading and business.

Forex Education is important for investors interested in Forex Trading. Before Forex Trading, it is important to understand the core concepts and knowledge area to understand how forex trading works. It also helps to apply knowledge to focus areas to carry out important trading activities. Forex Education provides helpful information for traders to apply optimal solutions. With solid information about Forex Trading, traders can easily apply the knowledge as well as tips and tricks received from Forex Education.

Basic Terms to Know in Forex Trading

1.   

Pip

In the world of forex trading, PIP stands for ‘Percentage in Point’ which stands for measure of exchange rate movement. A PIP is a single float value that measures the profit and loss. A single PiP value equals 0.0001.

2.   

Spread

A spread is the difference between the pip value of the asking price of an asset. It is important for a forex trader to understand what a spread is. To calculate the spread value, calculate the difference between the buying and selling price.

3.   

Leverage

Leverage is the amount of loan allowed to traders to access larger sums of trading capitals. This loan amount is also called margins. Leverage is very important as it can increase or decrease the profits and losses therefore, leverage should be considered wisely.

4.   

Margins

Margin is referred to as minimum amount of collateral or deposit that a trader has while trading. It is a required amount that is needed for trading. The leverage ratio determines the amount of margin that is needed for a trade.

5.   

Volume

There are two types of volume values used in forex trading. First is the volume with respect to order which refers to the volumes of buying and selling. The second volume refers to the tick volumes where it counts the times the volume has changed over a specific period.

6.   

Slippage

Slippage refers to a slight difference in the price you expect and the execution price. This can occur through market volatility and execution speeds.

There are a number of courses, MOOCs and masterclasses available over the internet to understand how Forex Trading works and which allows the traders to learn the tips and tricks of forex trading. One of the best platform for forex education is

1.      Bizztrade

 In conclusion, there are lots of other forex education material available over the internet for aspiring traders to study and understand the meaning of forex education and what are the best practices to apply when stepping into the world of trading.

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[zahrafashionss]

Trade Day contest

«Trade Day» contest The “Trade Day” contest is held weekly and takes place every Wednesday. It lasts 24 hours and at the end of each competition traders with 10 best results (contest account balance of each participant is taken into account) are awarded. The winners’ prize money is transferred to their real accounts and may be used in further trading. Rules The time of the contest The “Trade…

[zahrafashionss]

KingSize MT5 contest

The “KingSize MT5” contest for MetaTrader5 demo accounts is held weekly each Thursday and takes 24 hours. After each competition is finished, first ten traders, who opened the orders with the biggest volume, share the prize pool. The prize pool is distributed between ten best traders of the competition according to their final ranking. The winners’ prize money is transferred to their real…

[metatraderview]

Related Posts:Trading EducationForex Trading Education with EvaStock Trading Education with EvaLong Term Thinking and Back to the Basics -…Guide to Precision Harmonic Pattern TradingAdding Peak Trough Analysis Tool in your Chart – MetaTraderWe trade because there are regularities in the…How to Download Peak Trough Analysis Tool

[metatraderview]

Related Posts:Trading EducationForex Trading Education with EvaStock Trading Education with EvaLong Term Thinking and Back to the Basics -…Guide to Precision Harmonic Pattern TradingAdding Peak Trough Analysis Tool in your Chart – MetaTraderWe trade because there are regularities in the…How to Download Peak Trough Analysis Tool