Support is formed when prices stop falling, change direction, and begin to rise. Support is often referred to as a 'floor' that holds up prices. A resistance level is the point where rising prices stop, change direction, and begin to fall. It is often viewed as a 'ceiling' that prevents prices fromRead More..

A price change of one decimal place is the smallest in forex trading. Considering that most major currency pairs, such as USD, EUR, and GBP, are priced to four decimal places, a pip is equivalent to 0.0001 in this scenario.Read More..

Known as Forex or the FX market, the foreign exchange market is the world's most traded market, with a daily turnover of trillions of US dollars. In simple terms, the global financial market allows you to trade currencies.Read More..

When trading Forex with Leverage, you need to put a small percentage of total trade volume as collateral/security to open and maintain your trade positions. Forex traders know this as Margin.Read More..

Forex day trading is a short-term strategy in which traders buy and sell currency pairs within the same day instead of holding overnight positions. This strategy is popular with traders because it does not require a large amount of capital to start.Read More..