Tag Archive Foreign exchange market

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What is a Micro Lot?

What is a Micro Lot?

Increasing trading volume in Forex markets plays an important role in the processing of more players in forex markets by attracting interest to professionals and / or institutional investors as well as to those with different expertise and / or lower guarantees. Leveraging trades on forex markets leads investors with low collateral to get higher profit / loss due to leverage.

 

While trading in Forex market positions, such as BUY (BUYING) or SELL (SELLING) trading in USDTRY, the Meta Trader 4 trading platform, QNB Finansinvest trading platform, which uses more than 90% of all FX institutions worldwide, The position can be opened in various sizes starting from the volume. If the number of digits, called digits, is two, and the last digit is different from zero (0,01), this is called a micro lot. Thanks to the micro lot application, it is also possible to open position sizes of 0.02 / 0.13 / 1.27.

 If the transaction volumes are written as 0,10 / 0,20 / 1,50 / 2,70, ie the last digit (second digit after the conviction) always remains zero then the mini lot application is meant here. This means that the minimum lot size that forex traders can use is not a micro lot but a mini lot.

 

Micro Lot Size; 0.01 Lot = 1,000 br. In other words, if the position is to be bought in USDTRY, a position is opened with a base exchange rate of US $ 1,000 in the initial currency. If the size of the position taken is, for example, 1.56 lots, then the position is set at $ 156,000.

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How to earn money with Forex

How to earn money with Forex?

Remember, in order to fully understand trends, you need to be generally educated about currency trading and market routes.
Newcomers should not connect everything to the foreign exchange trading market trend-watches. Once you gain experience, you will begin to follow more and continue to grow with this experience. In addition, be aware that Forex market may be affected by other things. These effects can change the trend people expect. I mean, you have to be mature enough to keep track of trends and figures all by yourself. Train yourself about these terms and know them on the real market. After all, learning and practicing are really different things. When you enter the world of forex trading, you will immediately understand the importance of using technical analysis to understand the moment when you first look at forex charts in order to find trends and benefit from the very beginning to the very end. The foreign exchange market is a very popular market, there may be many increases and decreases in very short time, so technical analysis can be very effective. However, you must always keep an edge of your mind that these signs can only give you a high likelihood of giving the market a boost while you are shopping, but you can not make sure the behavior of foreign exchange prices is absolutely sure. If you want to be a profitable forex trader and want to make the best predictions about trends, you should use as many technical indicators as you can, or create a personalized shopping strategy based on these indicators.

 

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What is Forex about

What is Forex about?

Simple example – what is Forex?

It is easier to talk with examples on different topics.

Think that you live in the US and you will go to Japan tomorrow. Do you want to get a good taste, get a nice Japanese porcelain or some Japanese scarf for your partner, you will also have to pay takside taxi and taxi fare. However, you have only US dollars in your pocket, but of course you are aware that we are using dollars in the Sweeden – Swedish Krona in the US, but there are yen in Japan. So, you have to buy some Japanese yen PAY using your dollars in your pocket. We can also say that you are “exchanging US dollars and Japanese money”. If you make currency between US dollar and Japanese yen, you can know how much I will pay for $ 1 (or say you need to know exchange rate). For example, when you go to Japan, you realize that one dollar can be about 100 yen and you decide to change 1000 $ and you get 1000 x 100 yen. After having a good time in Japan, you go home and you have 1000 yen left in your pocket. Of course you do not need this paralysis anymore, so you decided to trade for the US dollar in the future.

In fact, when you are buying money, you are participating in the forex market.

Forex traders often use the term “buy” and “sell” currency instead of “exchange”. Obviously the purchase of one currency is the sale of another currency, and the sale of a currency. Forex market is possible because exchange rates are not static and change very frequently. I got there and then your friend goes to Japan. However, he thinks that he can get 100 yen per dollar, but the exchange rate has changed and now he can only get 95 for 1 dollar. What a pity!