Gainforexvideo.blogspot.co.at / Foreign exchange market



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Gaining forex trading video
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Random 'foreign exchange market FAQs', may be related to more specific topics, not general foreign exchange market topic.

FOREIGN EXCHANGE MARKET FAQs

WHAT IS THE

Q: What Is the Forex Market?
A: The foreign exchange market is where currencies are traded. It is a 24-hour market and does not have a central marketplace.
Q: What are Lots / Lot Size?
A: The Forex market is a global marketplace for the trading of foreign currency. It is the largest financial market in the world, with trillions of dollars changing hands every day. The market is open 24 hours a day, from Sunday 5:00 pm EST / 10:00 pm GMT to Friday 5:00 pm EST / 10:00 pm GMT.
Q: What is the Value of a Pip?
A: if your account is in USD, and you are trading a pair with USD as the base currency, then the pip value is always $10.

This is because when you trade a pair with USD as the base currency, the pip value is always $10. This is because the USD is the "counter currency" in the pair, and the pip value is always calculated in terms of the counter currency.
Q: What is Market Profile?
A: Price Action trading is a minimalist way of trading that is based on the concept that price is fractal and that patterns often repeat in the market. Price Action traders analyze historical past price movements to forecast future price tendencies. This style of trading relies on price behavior and candlestick analysis, with limited or no use of technical indicators. Price Action can be used on any timeframe.
Q: What is the FOMC?
A: Smart Money trading refers to the strategies and techniques used by professional and institutional traders to make money in the markets. These strategies and techniques can be used by retail traders to improve their own trading.
Q: What is a forex margin?
A: Currency pairs are two currencies that are traded against each other, and most traders use the majors, including EUR/USD, GBP/USD or USD/JPY. A pip is the fourth digit after the decimal in a forex price, and a standard lot is 100,000 units of whatever base currency you use. Margin is the deposit you make with a forex broker to open and maintain a position, and it also indicates the maximum leverage you can borrow.

PARTICIPANTS IN TRADE.

Q: Who Trades on It?
A: The forex market is the largest and most liquid market in the world. It is made up of a network of computers and trading terminals around the world. The market is open 24 hours a day, 5 days a week.

HOW CAN I

Q: How do I Calculate my Risk to Reward (RR)?
A: Candlesticks are a type of chart used to present price movements of a currency.
Q: How can I access your signals?
A: There are two ways to get Forex signals from our expert traders – for free or through our paid mobile app.
Q: What are entry price, take profit and stop loss as mentioned in your analysis?
A: LONG: If the RSI is above 70 and the MACD line is above the signal line, then the market is overbought and we are looking to go short.

-SHORT: If the RSI is below 30 and the MACD line is below the signal line, then the market is oversold and we are looking to go long.
Q: How can I set alerts for new signals?
A: The mobile app is a great way to keep track of your finances on the go. It's easy to use and has all the features you need to stay on top of your money.
Q: How can I delete the DailyForex app?
A: Open the Settings app
-Tap "General"
-Tap "Storage & iCloud Usage"
-Tap "Manage Storage"
-Locate the WhatsApp Messenger entry in the list and tap it
-Tap "Delete App"
-Confirm by tapping "Delete App" again

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