Forex market are trading currencies and are speculating that the price of one currency pair will either increase or decrease compared to another currency. Trading terminal, trading platform software provided by a broker, which is used for Internet trading. However, different platforms are used by different brokers. ASK price is the price at which you can open a short position (sell an asset). Feel free to write a comment at the end of the article in case you need help with any definition forex trader robot reviews or any explanation of something from the this lesson I will definitely answer! Share it in social networks: it will be the best thank you".
The candlestick also shows us the opening price and bitcoin price trend the closing price for that period. A bear is a trader that believes the market will fall. The easiest way to understand the term spread is by thinking of it as a fee your broker charges you to trade. Do not be surprised to see five figures after the decimal when you are looking at the price of most currency pairs on your trading platform. So if you short sell an asset and the price goes down, you make money; if the price goes up, you lose money. Candlesticks can cover almost any time period from one minute to one month. The last number the last 0 is the pip. For example, you bought 1 lot of EUR/USD currency pair or sold 2 lots of USD/JPY currency pair. Variable (floating) Spread, forex brokers usually offer two types of spreads, fixed or variable (floating). By the way, thats why many traders do not leave trading positions open over the weekend. The first currency in the pair is called the base currency it always has a value.
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