Categories: Forex FAQ
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Forex Trader
A Forex Trader uses currency exchange rates to try to profit from foreign currency transactions. As the value of currencies relative to each other rises…
What does the Spread mean?
The spread is the difference between the ASK price and the BID price. The BID price is the rate at which you can sell a…
Forex Line Trading: A Day Trader’s Guide to Identifying Profitable Opportunities
Forex line trading, also known as trend line trading, is a popular strategy among forex traders. Trend line trading involves identifying the trend of a…
How do I calculate the profit and loss of a position in Forex?
To calculate the profit or loss of a position: BUY Positions Profit = (Closing Price – Opening Price) * Volume SELL Positions Profit =…
How do I calculate the required margin?
Here is how to calculate the required margin Margin = Base Currency Volume / Leverage Example 1: Account Currency: USDCurrency Pair: USDCADBase Currency: USDVolume =…