Intellectual Enterprises
Basic & Professional Forex Course
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Intellectual Enterprises
Basic & Professional Forex Course
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MAJORS , CROSSES , PIPS ????
Major Forex Currency Pairs.
Some Forex currency pairs are traded more heavily than others. The currency pairs that have the most volume consist of the "majors". It is widely agreed that the following 6 pairs are considered the majors:
EUR/USD
GBP/USD
USD/JPY
USD/CHF
USD/CAD
AUD/USD
Major Forex Currency Pair are those in which USD is included.
Cross Forex Currency Pairs.
Cross Forex Currency Pair are those in which USD is not included.
EUR/GBP
CAD/JPY
AUD/CHF
Pips
Pips
Market increments are measured in PIPs, or Percentage in Point.
Assume the Forex market rate rose 15 PIPs to 1.56300 and the trader liquidates the position. The same £100,000 is now worth $156,300, the trader realizing a $150 profit
A pip is the fourth except for Japanese Yen crosses, where a pip is the second digit.
Forex trader buys 1 standard lot of GBP/USD. The current exchange rate is 1.56150. Essentially this trader is buying £100,000 in exchange for $156,150.Assume the Forex market rate rose 15 PIPs to 1.56300 and the trader liquidates the position. The same £100,000 is now worth $156,300, the trader realizing a $150 profit
very very good shahid bhai
ReplyDeleteAll of your videos are awesome and very informative. Sir Shahid Plz upload further videos as soon as possible. And also teach us about timings of markets that when we trade us brokers and through asian brokers and kindly also give us some tips that how we earn good profit and how to avoid losses etc... Allah bless you. and may you live long. Because you provide all this information free of cost whi;e other charge a big amount for that.. thanks again Sir.
ReplyDeleteRegards:
Mohsin Gill
(Proud to be a Muslim and as well as a Pakistani)
My Forex basic classes has been complete now i have clear my Forex basic concept, thanks to Muhammad Shahid Memon sb for their precious time.
ReplyDeleteThey are really a honest & punctual teacher and have a great experience in forex.
leverage is very amputated topics difficult topics.but air is very nice teaching.sir understand him.
ReplyDeletesir we are intensively waiting for your new videos from about 4 months ago... plz upload your new vids asap.... we are waiting
ReplyDelete