Education
As GBPJPY opened the week with a 108 pip push move to the downside, first taking out stop orders that started the week around the 132.00 area.
With the current pandemic (covid 19) we’ve seen how many different economies have been hindered like the Lebanon economy that is currently experiencing a downward spiral with their currency.
There was a worldwide shock last week at the freakish reading of a price of MINUS-$40 for a barrel of US oil
PIP refers to Percentage in Price and it is the smallest increment of price fluctuation in currency prices.
Since the start of April (Q2) we've been very much bullish on this currency pair since the market opened around the psychological level of 0.6000 from a monthly perspective.
What is it that comes first to your mind when we say fundamental analysis? Well, when we say fundamental analysis we are talking about news trading. The foreign exchange market moves depending upon the monetary policies and economic data of the nations
Utilizing technical analysis in the Forex markets is very common, but this type of analysis is rarely used in other financial markets. No stock, options or future traders solely rely upon the technical outlook of the market.
Forex market is a term used for the Foreign Exchange market. Now just like we sell and purchase shares and stocks in the stock market, similarly in the forex market we buy and sell currency pairs against each other.
Understanding the forex market, you have to understand that currencies come in pairs. Forex market refers to trading currencies in pairs to make things easier.
If you’re interested in understanding how the wheels of this so called “complicated” process turn, then you have come to the right place! But for that, we will have to start from the start so that we can completely comprehend how forex works, how far has it come and how fast is it growing. So are you ready? Then come, let’s begin!