Understanding Pips and Pip Value Calculation in Forex Trading
Understanding Pips and Pip Value Calculation in Forex Trading Pips and lots in forex are like the building blocks of trading. A pip is the tiniest price change in a currency pair, usually the fourth number after the decimal (like 0.0001). So, if EUR/USD moves from 1.2000 to 1.2001, that’s a 1-pip move. Lots, on […]
Top 8 Chart Patterns Every Trader Should Know
Top 8 Chart Patterns Every Trader Should Know Introduction:- Chart patterns are specific formations on a price chart that can predict future price movements. Technical analysis operates on the principle that history tends to repeat itself, and certain chart patterns have demonstrated a high probability of predicting specific price movements. These patterns are generally classified […]
Why The Quality Of Your Trades Matters Far More Than The Quantity
Why The Quality Of Your Trades Matters Far More Than The Quantity Most dealers need to exchange. They dread passing up the following huge move and they fail to remember that the market is as yet going to be there tomorrow and the following day and 10, 20, 50 years into what’s to come. Everything […]