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P2P | Update On All Mark UpsHello family! Things have been well in the markets this week for me so I hope the same for you! As of today, I have redone my chart mark ups about 1-2x over the last few weeks so mostly everything is still fresh and unique. I go into detail about using my strategy to analyze trades on both higher and lower timeframes, and that they work just as powerfully. In my recent bias on #DXY I explained how I was bullish on the dollar overall. Due to further fundamental research I have realized that its best to keep a mark up for your guide and build off that, than to express it being what "you think the market will do". I also go over a few other charts, pretty in depth on a #gold trade I marked up the night prior. I can say that I have achieved a stronger trading level in my skillset and I am able to share it on this platform, rights and wrongs! So thank you again family and the support is always appreciated. Trade well, stay healthy, and conquer one step at a time.
TVC:DXY
by Pips2Porsches
LOT SIZE, PIPS AND LEVERAGE WHAT IS LEVERAGE Leverage is a tool that increases the purchasing power of the trader’s deposit. The mechanism is funded by the broker, or rather the liquidity provider working with the broker. The leverage mechanism is very simple. The higher the leverage is, the more funds we can invest in trading. Simply put, leverage is kind of a bank loan. But it is much cheaper, and the borrowers usually risk only their own funds on the account. WHAT IS A PIP A pip (percentage in point) is the minimum unit of measurement to express the change in value between two currencies in the Forex market. In currency pairs, 1 pip is often one hundred-thousandth, that is, the fifth decimal place in a currency quote (0.00001). For the derivatives, one pip is usually one hundredth (0.01). Simply put, a pip is the last decimal place in a quote. The pip cost is directly affected by the lot size. LOT SIZE IS The lot size is the number of currency units expressed in the quote currency that compose one whole contract. The quote currency is the currency that used to value the asset price. In the EUR/USD currency pair, the base currency is the EUR. Common lot types are: Standard,Mini-lot (0,1 of a standard one), Micro-lot (0,01 of a standard one), Nano-lot (0,001 of a standard one). LOT AND LEVERAGE RELATION The relation between these two concepts is that both these figures affect the total trade cost. The difference is that this influence is made in opposite directions. The larger is the lot size, the larger is the transaction volume, and, consequently, its value (I mean the security deposit you must have to open the position). However, the higher is the leverage, the less money is required for the trade margin and therefore, the less is the trade cost. CONCLUSION Forex lot size and leverage are the basic concepts for every forex trader. It is of key importance to understand them. Experiment with the calculator and the table to understand how the lot size and leverage affect your position size in particular and your trading in general. This practice will help you develop your own strategy and determine the “best” leverage for your trading goals. I Hope you guys learned something new today✅ Wish you all Best Of Luck👍 😇And may the odds be always in your favor😇 Do you like this post? Do you want more articles like that?
Education
by ProSignalsFx
6
SasanSeifi 💁‍♂️🟡 #XAUUSD / 4H UPDATE 🔻150 PIP FROM $1843✌🔥 HI TRADERS ✌ As you can see, XAUUSD ; according to the latest price analysis, it was able to correct about 150 pips from the $1843 supply area mentioned in the previous analysis. It is currently trading in the range of 1835 in the time frame of 4 hours .I think the price will continue to correct up to 1820 range .We have to see how the price will react to the range of $1830. If the price stabilizes above the range of 1830, we can expect the price to grow again up to the range of 1840. Otherwise, if the price breaks below the 1830 range and stabilizes, further price correction to the fvg range of $1825/$1823/$1820/$1817 can be considered. let's see... ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
OANDA:XAUUSDShort
by SasanSeifi
Trading Basics | Learn What is a PIP 👉What is a Pip? The unit of measurement to express the change in value between two currencies is called a “pip.” If EUR/USD moves from 1.1050 to 1.1051, that .0001 USD rise in value is ONE PIP. A pip is usually the last decimal place of a price quote. Most pairs go out to 4 decimal places, but there are some exceptions like Japanese yen pairs (they go out to two decimal places). For example, for EUR/USD, it is 0.0001, and for USD/JPY, it is 0.01. 👉What is a Pipette? There are forex brokers that quote currency pairs beyond the standard “4 and 2” decimal places to “5 and 3” decimal places. They are quoting FRACTIONAL PIPS, also called “points” or “pipettes” which equal a 10th of a pip. 👉How to Calculate Pip Value: 👉The value of pip depends on the following three factors: ✔️The quoted currency ✔️The volume of the trade ✔️And the exchange rate Based on these factors the fluctuation of even a single pip can have a significant impact on the value of the open position. The value of 1 pip is calculated by the following formula: The value of 1 pip = (Pip in decimal places * Trade Volume) 👉Example: 1 pip volume in EUR/USD is equal to 0.0001 Then 1 PIP VALUE equals: 100,000 EUR—> 100,000*0.0001= 10 USD 10,000 EUR—> 10,000*0.0001= 1 USD 1,000 EUR—> 1,000*0.0001= 0.1 USD 100 EUR—> 100*0.0001= 0.01 USD ❤️Please, support our work with like & comment!❤️ What do you want to learn in the next post?
OANDA:XAUUSDEducation
by UnitedSignals
7
P2P | Nas TradeHey there peeps! I know this isn’t the usual post everyone is looking for but I wanted to be transparent with you all. Not every trade is a winner! Once I accepted that, I was a lot more comfortable in myself and my game. The mission is to become the best player in your league but the funny part is, you’re in your own league so it’s really you vs yourself. With that being said, I learned a lot from this trade, even though I don’t normally trade Nas, but the experience I had with it furthered my interest in trading it. So gang there you go, no shame in my game, just room for mistakes and getting better. But you see it gave me a 2nd chance entry?! I didn’t take it because I try not to over trade or chase my loses, especially on a pair I don’t trade. But like always family happy trading, trade well, and let’s run it it up from 2023 til infinity! DISCLAIMER: **This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held repsponsible.***
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by Pips2Porsches
What is a Spread in Forex?Hello hello! In this post, we'll take a look at the basic principles behind the spread in forex market and why it is important. In the foreign exchange market, the spread is the difference between the bid price and the ask price for a particular currency pair. The bid price is the highest price that a market maker is willing to pay for a currency, while the ask price is the lowest price at which a market maker is willing to sell the same currency. The spread, therefore, represents the cost of trading a particular currency pair. When trading in the forex market, traders usually buy a currency at the ask price and then sell it at a higher bid price, hoping to make a profit. The spread is the difference between the two prices and it represents the trader's cost of trading that currency pair. The spread is usually expressed in pips, which is the smallest unit of price change in the forex market. For example, if the bid price for EUR/USD is 1.0735 and the ask price is 1.0740, the spread would be 5 pips. The size of the spread can vary depending on the currency pair being traded and the market conditions. Some currency pairs, such as the major pairs like EUR/USD, USD/JPY, and GBP/USD, tend to have relatively tight spreads, while others, such as the exotic pairs, can have wider spreads. Also, the spread can vary depending on the trading conditions, for instance, during high volatility period, such as economic news release, the spread tend to widen. In forex trading, traders should always be aware of the spread as it represents a cost of trading and it affects the trader's potential profits and losses. Spreads are usually factored into a trader's profit and loss calculations and it is important to consider the spread before opening a trade. Some brokers also offer variable spreads and fixed spreads, it is important to be aware of the difference between the two. Many online forex brokers now offer variable spreads, which means that the spread will change depending on the market conditions, but some brokers also offer fixed spreads, which means that the spread will remain the same regardless of market conditions.
Education
by m_maia14
DXY D1 - Long SignalDXY D1 - We mentioned last week we wanted to see a breakout of this consolidation, our bias is steering towards a bullish breakout due to the technical push before AE, UE and NFP figures. That being said, complimentary figures supporting the dollar... actually saw the dollar lose it's technical ground. We wat to see a convincing break of this consolidation structure, which we haven't yet seen, this breakout with drive the bias for the dollar going forward.
TVC:DXYLong
by Trade_Simple_FX
1