The fixed excahnge rate system refers to a scheme in which the exchange rate for currency is determined by the government. The basic aim of assuming this scheme is to assure stability in foreign trade and capital move.
A barrier option is a type of financial derivative that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price, known as the strike price. However, unlike traditional options, barrier options...
The Price-to-Earnings Ratio (P/E ratio) is a financial metric used to evaluate the relative value of a company's stock by comparing its current market price per share to its earnings per share (EPS). It serves as an essential tool for investors...
The dark cloud cover pattern is a bearish reversal pattern commonly observed on price charts, signaling a potential shift in market sentiment. It is identified by two consecutive candlesticks, typically found in an uptrend. The first candlestick is a...
MetaQuotes Language 4 (MQL4) is a programming language that is built into MetaQuotes for implementing trading strategies. Based on their extensive experience in developing online trading platforms, MetaQuotes Software Corp. developed this language....
The TRIX (Triple Exponential Average) indicator is a momentum oscillator used in technical analysis to identify potential trend reversals and assess the strength of existing trends in financial markets. Developed by Jack Hutson in the 1980s, TRIX is...
The basic dangers of scalping are things you might not think of as such at first, such as the spreads you pay. If you have 2-3 (or more, like 4-5 pips) pip spreads on the major pairs, it is not good for scalping, regardless of how good your broker is...
Practice in forex trading majorly refers to demo trading and you must be committed to this task until you have been at your best. What you do here is trading but at the demonstration stage and that is it is called demo trading, you are getting...
A micro lot, in the context of trading and finance, refers to a smaller unit of measurement used in determining the size of a position in a foreign exchange (Forex) trade. It represents 1,000 units of the base currency in a currency pair. In other...
The forex market trades currencies such as GBP, USD, JPY, AUD, CHF, and ZAR. Forex, often known as foreign exchange or FX, is based on the principles of supply and demand. They acquire an asset through Forex trading by exchanging one currency for...