Know the term in forex trading
hello all blogger friends, on this occasion I will explain the various terms in the world of forex trading.
Here are some of the terms in forex:
Lot is a mini contract and contract standart.Excample we buy oil, the unit is the liter, if we buy the sugar unit is kilogram.it also with the unit is a lot of forex.
Margin is collateral in forex. we term advances in forex trading.
Leverage is the ratio to determine how much margin is needed to perform the transaction, wherein the ratio will be multiplied by the contract size.
Buy forex trading is the position in which we believe that prices will rise.
we buy when prices are the lowest
Sell is the position in the trading transaction where we believe the price will go down.
where we sell the highest price.
Order is an order to sell or buy at a certain price.
PIP is the value of 1 point rise or fall in price movements
So little explanation of the terms in forex, may be useful for traders, especially new to forex
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