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What is a Pip? The unit of measurement to express the change in value between two currencies is called a “pip.” If EUR/USD moves from 1.1150 to 1.1151 , that .0001 USD rise in value is ONE PIP. A pip is usually the last decimal place of a price quote. Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two decimal places). For example, for EUR/USD, it is 0.0001, and for USD/JPY, it is 0.01.   What is a Pipette? There are forex brokers that quote currency pairs beyond the standard...

  Forex market is the largest and most actively traded financial market in the world. When looking for the "best" forex broker, both beginners and experienced traders generally look for several key features and benefits. The most important items to choose top 10 forex brokers are: the trading experience,Download MT4 and MT5 ,the breadth and depth of product offerings (currencies, CFDs, indexes, commodities, spread betting , crypto currencies, etc.), fees (including spreads and commissions, exchange rate), trading platform(s) (web-based, downloadable software, mobile, charting, and third-party platforms), professional customer support, trading education and research, and trustworthiness. According to Forexbrokers.com These are top 10 forex brokers 2021  1. IG...

What is an exchange? An exchange is an open, organised marketplace for commodities, stocks, securities, derivatives and other financial instruments. The terms exchange and market are often used interchangeably, as they both describe an environment in which listed products can be traded. A key function of an exchange is to provide fair, efficient and orderly trading opportunities by centralising the buying and selling of a particular type of asset. Instead of dealing directly with exchanges, most traders will use a broker.     Top Cryptocurrency Spot Exchanges 1. Binanc         Binance is the Chinese cryptocurrency exchange. As...

Forex trading can be a profitable market in general; However, Forex Trading in South Africa has become something special. This status is determined by unique characteristics that appear only in that particular market.   Forex trading is the exchange of currencies from different countries in order to profit from the difference in the value of the coins of each country. Currencies are traded in pairs, and what dictates the value of a particular coin is the overall economic status of its country of origin.  While the value of a stock or share in a company is determined by how successful the firm is, the price...

1. Hammer The hammer candlestick pattern is formed of a short body with a long lower wick, and is found at the bottom of a downward trend. A hammer shows that although there were selling pressures during the day, ultimately a strong buying pressure drove the price back up. The colour of the body can vary, but green hammers indicate a stronger bull market than red hammers.     2. Inverse hammer A similarly bullish pattern is the inverted hammer. The only difference being that the upper wick is long, while the lower wick is short. It indicates a buying...