A margin call is one of the most stressful moments in trading. One minute your trade is open, and the next your broker warns that your account is running out of room, or closes your positions for you. This guide walks through a forex margin call example step by step on a $1,000 account, so…
In forex, you don’t buy “one euro” or “ten dollars”. You trade in set amounts called lots. Your forex lot size is one of the most important choices on any trade, because it decides how much each pip is worth, how much margin you need, and how much you could gain or lose. This guide…
If you’ve read anything about forex trading, you’ve seen the word “pip”. Traders say a currency “moved 50 pips” or that they “made 20 pips” on a trade. So what is a pip in forex? It’s the most basic unit of price movement in the currency market, and understanding it is the first step to…