Search More Videos Top Searched Forex Event Driven Trading Volatility, #1 How Forex works: brokers, liquidity, volatility.
Welcome to the first lesson of our Forex Basic course
00:32 What is Forex?
02:25 Liquidity
03:28 What is a broker?
04:16 How you can earn on Forex
04:59 Volatility
#OctaFXForBeginners #ForexTradingForBeginners #HowToTradeForex
Let’s summarise what we’ve learned from this lesson:
– Forex is the global financial market where currencies are traded online around the clock.
– Even if you’re not trading on the Forex market you can earn on a difference of currency rates by buying and selling currencies.
– Liquidity means the possibility to buy or sell any volume of currency instantly at the market price. It is the main positive feature of Forex.
– OctaFX helps people to trade Forex providing the most beneficial quotes with the help of ECN technology and up-to-date trading applications.
– Volatility is a measurement of price variations over a specified period of time. A volatile market gives an opportunity to earn more profit, but to benefit from it you need to monitor market news. In the next lesson you will learn how to calculate the potential profit and risks of your order and how to control huge amounts of currency without investing heavily.
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Forex Event Driven Trading Volatility, #1 How Forex works: brokers, liquidity, volatility.
Ignorance is Not Bliss
The reason I’m investing whenever discussing what I did above was simply to ideally open your eyes as to simply how complex choosing whether a spike will continue, can be. It is except the novice, yet most newbies drool over the possible quick money that can be made trading these things. And also most obtain eliminated at the same time, due to the fact that they’re essentially appearing at the O.K. Corral with a BB gun. They have few, if any stats, with which to work, or enhanced approach, and so on. In addition to latency in execution issues, and so on.
As rare as spikes can be, outright sentence in regards to their continuation is much more rare. As an instance, for myself, with everything I understand at this point, it may take place 2 5 times each month relying on the context, and also 5 is pressing it. I’m simply human. Any other human with a typical capability to learn is possibly mosting likely to fall in similar region.
I’m talking about seeing a preliminary first reaction to the data or occasion, and also within seconds of digesting the headings saying to myself “yes, as long as nothing else interferes, this is mosting likely to continue, no question regarding it.” But after the spike takes place, what after that? What other ways of assessment do we have?
What is a pip in foreign exchange?
Pips are the devices utilized to measure motion in a forex pair. A foreign exchange pip is usually comparable to a one-digit motion in the 4th decimal location of a currency pair. So, if GBP/USD actions from $1.35361 to $1.35371, after that it has relocated a solitary pip. The decimal areas revealed after the pip are called fractional pips, or sometimes pipettes.
The exemption to this regulation is when the quote money is listed in much smaller denominations, with the most remarkable example being the Japanese yen. Below, a motion in the 2nd decimal location comprises a solitary pip. So, if EUR/JPY actions from ¥ 106.452 to ¥ 106.462, once more it has relocated a solitary pip.
Conclusion:
Event-driven trading approaches provide a terrific way to take advantage of enhancing cost volatility, yet there are many threats and also restrictions to consider. When establishing and also implementing these approaches, it is essential for investors to set up limited danger controls while supplying adequate area for the unstable scenario to play out in the marketplace. In the end, event-driven trading approaches provide an important arrow in the quiver of any active investor.
Search Popular Videos Top Searched Forex Event Driven Trading Volatility and Financial market information, analysis, trading signals and also Forex investor reviews.
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