Trade the Most Popular Currency Pairs

The global fx market is open 24 hours a day, seven days a week, from 5 p.m. EST on Sunday to 4 p.m. EST on Friday. This is due to several time zones.

The market begins in Australia - Asia, then moves to Europe and North America. As a result, traders can access markets in other locations once the Australian market closes. This is also one of the reasons why the market is so appealing to many traders.

All you need to start trading forex online is a funded trading account and a good internet connection. You should also be familiar with forex trading and the instruments that might help you avoid risks.

Margin is the amount required by a trader to establish a new position. Margin is assessed in lots and calculated based on the size of the trade. The normal lot size is 100,000 units. The higher the lot size, the higher the margin. Margin trading allows you to trade with leverage, allowing you to place orders that are greater than the trading capital. Leverage can also have an effect on the margin amount.

Pip is an abbreviation for percentage in point and is the lowest increment of trade in foreign exchange. Prices in the forex market are stated to the fourth decimal point. For example, if a shampoo bottle costs $1.50 at the drugstore, the identical bottle of shampoo would be offered at 1.5000 on the foreign exchange market. The difference in the fourth decimal point is known as a pip, and it is usually equivalent to 1/100th of one percent.