Forex Basics is the first episode of our video series “Learn to Trade Forex with cTrader”
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Table of Contents
0:46 – What is Forex
02:06 – Currency Pairs and Exchange Rate
04:08 – Going Long (buying) and Going Short (selling)
05:30 – What is Trade Volume, Stop Loss and Take Profit
08:40 – Pip definition and Pip Values
11:06 – Selecting your Trade Volume and creating an Order
13:50 – Order types (Market, Limit, Stop)
17:05 – Small introduction to the rest of the tools of cTrader
In this episode, cTrader Product Manager Alex Katsaros gives us an introduction to Forex Basics. You will learn what Foreign Exchange is and terms like exchange rate, spread, bid, ask, pip, base currency and quote currency.
You will learn the different Order types, what Stop Loss and what Take Profit is. You will also learn what volume to choose when trading and how to create an order and manage your position.
This is the first episode of our new series focused on educating traders on the basic and advanced concepts of Forex trading.
Lesson 1 – What is Forex and how does It work?
Know your forex terms
Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms.
Pip: A pip (percentage in […]
An introduction to the basics of Forex Trading
Important Risk Disclaimer:
The calculation of profits discussed in this video is subject to any applicable fees that may be incurred by customers.? Certain leverage may not be available […]