What is spread in forex?

What is spread in forex?

Firstly if a Forex trader executes a forex deal that a broker or market maker has quoted on.
It usually means that a few pips will be paid away by the trader.
So to be able to take on or close the forex position they want is called the spread.

In short In quotations made by forex market makers the trading spread observed is simply defined as the difference between the bid and ask price of a currency pair.
So the bid price is the exchange rate at which the currency pair will be purchased by the market maker.
While the ask price is the exchange rate at which the currency pair will be selling.

So let suppose the EUR / USD currency pair as an example.
Can you remember that the bid exchange rate that the trader will sell is 1.05716?
While the exchange rate of the purchase is 1.05733 for the offer or order.
The trade spread is the difference between the bid or asking price.
So that would be either 0.00017 or 1.7 pips in this case.

What is spread in forex?

Which Brokers Offer the Best Forex Spreads?

ICMARKET which is regulated and the most trusted broker.
They provide very tight raw fix spread accounts on almost every pair with fast execution.
https://www.icmarkets.com/?camp=9803

Do you want to become Success Supply and Demand Trader or want to know more about what is spread in forex?

If you are a beginner trader and to become a good professional forex trader.
Therefore the Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which is already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

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Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Forex Candlesticks / How to Read them?

Forex Candlesticks / How to Read them?

Forex Candlesticks

Forex Candlesticks / How to Read them?

For any technical trader looking to gain a deeper understanding of how to read forex charts in general.
I think learning to read candlestick charts is a great starting point.
In the 18th century, Candlestick charts were invented and created, as you may already know.

The beginning reference to a candlestick pattern used in financial markets was invented in Sakata, Japan.
where something similar to a modern candlestick was used by a rice merchant named Munehisa Homma.
He used it to trade in the Ojima rice market in the Osaka area.

Meanwhile bar charts and line charts were very common among Western traders.
So in the early 1990s, a Chartered Market Technician (CMT)  introduced Japanese Candlestick charts.
His name is Steve Nison.
And also additional trends to the Western financial markets.

As a result and because of its extremely good and predictive characteristics.
The popularity of the candlestick charts has grown enormously among the western traders.
Candlestick charts can play a crucial role in the financial markets.
Because they give a better understanding of price action and order flow.

Reading Candlesticks:

Forex Candlesticks

Firstly you need to understand the basic structure of a single candle on the candlestick chart.
To give a time indication, each Candlestick is a certain time; it may be 5min, 1H, Daily, Weekly, etc.
A Candlestick represents four different values ​​on a chart, regardless of the time period.

  • The opening price
  • The closing price
  • The highest price
  • The lowest price

 

In short

When you read a candle, it will give you information on whether the session ended bullish or bearish.
So depending on the opening and closing prices.
The bullish candlestick is formed when the closing price is higher than the opening price.
And on the other hand the  Bearish Candlestick is formed when the closing price is lower than the opening price.
And during the time period, the upper and lower shadows of the Candlestick represent the highest and lowest cost.

Do you want to become Success Supply and Demand Trader or want to know more about Forex Candlesticks?

If you are a beginner trader and to become a good professional forex trader.
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
Which is already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations.
Which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Volatile Markets / Trading Opportunities

Volatile Markets / Trading Opportunities

Volatile Markets / Trading Opportunities.

Volatile Markets / Trading Opportunities

Forex traders consider volatility as one of the most relevant knowledge measures for decision-making on opening or closing trade positions.
Actual price quotes, in fact, are constantly changing at different rates: sometimes rapidly, sometimes slowly.
That is why a great deal of attention should be given, among all other market features.
To volatility as a quantitative indicator of a currency pair’s past, present, and future price range.

Volatility refers to the amount of uncertainty or risk about the size of changes in the value of a security.
Higher variance means that the value of protection can theoretically be distributed over a broader spectrum of values.
This means that the protection price will shift drastically in any direction over a short time span.
Lower volatility implies that the value of a security does not fluctuate significantly.
But increases in value over a period of time at a steady rate.

Volatile Markets

No path is indicated by volatility. It clearly determines the degree of an exchange rate’s fluctuations.
A currency pair that is more volatile is more likely than one that is less volatile to increase or decrease in value.
Volatility is also seen as a negative in that uncertainty and risk are portrayed.
Higher volatility, however, typically makes forex trading more appealing to market participants.
Where most traders blow their account because the market has not a proper direction.
The opportunity for profit in volatile markets is a significant consideration for day traders.
Which contrasts with the long-term view of buying and holding by investors.

Liquid markets

Liquid markets such as forex, since their high liquidity results in lower volatility.
Prefer to shift in smaller increments.
In general, more traders trading at the same time results in the price making up and down moves.
In the forex market, however, dramatic and unexpected movements are also likely.
Because so many political, economic, and social events influence currencies.
There are many incidents that cause prices to become volatile.
In order to locate possible gains and to help prevent potential losses.
Traders should be aware of current events and keep up with financial news.

Volatile Markets

Analytical data on the volatility of currency pairs is open to the public and easy to access.
It is provided either by forex brokers or via their trading platforms in most instances.
For forex traders, forex market volatility is not simply a disorderly move.
Trends and trends appear even within seemingly random value fluctuations as market participants try to make sense of the price action.
In general, high volatility markets mean that patterns are reversed much quicker than average.
While low volatility markets appear to have a much longer pattern.

Do you want to become Success Supply and Demand Trader?

If you are a beginner trader and to become a good professional forex trader or want to know more about Volatile Markets.
The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones.
which is already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand.
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

Correlation in Forex Trading

Correlation in Forex Trading

Correlation in Forex Trading

What is the Correlation in Forex Trading?

The statistical measure of how two different assets move in relation to each other is the correlation in finance.
There is a positive correlation between assets tending to move in the same direction.
For example, A positive correlation between the value of the Canadian Dollar compared to the U.S. is observed.
And the dollar and the price of crude oil in the United States Dollars.
Conversely, there is a negative correlation between assets usually moving in opposite directions.
And there is typically such a negative correlation between the exchange rate of EUR / USD and the exchange rate of USD / CHF.

Correlation in Forex Trading

Currency correlations highly influence the overall volatility of a portfolio of forex currency pairs, and thus the risk involved in keeping them.
As a consequence, a crucial aspect of currency risk management for any serious forex trader to understand learning how to use currency correlation.
So the trader should first consider how to market correlation influences the value of currencies to comprehend the idea of forex correlation in currency pairs.

Correlation in Forex Trading

Positive Correlation:

If two currency pairs move in the same direction, one pair moves up, the other pair also move up.
But if the EUR / USD and GBP / USD are positive, for instance, because if the demand for the U.S. Dollars is increasing, and the amount of both currency pairs is generally decreasing. Alternatively, if the market for U.S. Dollars will fall, then both currency pairs’ levels will begin to rise.

Negative Correlation:

The negative correlation is the opposite of the positive correlation, with currency pairs’ exchange levels typically moving inversely to each other.
For example, the EUR / USD and USD / JPY currency pairs have a negative correlation.
As demand for US dollars grows, currency pairs frequently move in opposite directions, with USD / JPY usually rising due to the base currency in the pair being the US dollar, and with EUR / USD decreasing since the counter currency in that pair is the US dollar.

Correlation in Forex Trading

Want to become Success Forex Trader?

If you are a beginner trader and to become a good professional forex trader. The Forex Scalper teaches you the best scalping trading strategy.
For example using supply and demand zones which is already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand
So join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker. They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

How to trade triangle pattern forex?

How to trade triangle pattern forex?

How to trade triangle pattern forex?

What is the Triangle Chart Pattern?

The triangle pattern is a particular figure created on the price chart.
And usually it is recognized as, like the sides of a triangle, the tops and the bottoms of the price action move towards each other.
Traders foresee an eventual breakout from the triangle when the upper and the lower stage of a triangle interact.
For example, for the identification of breakout entry points, many breakout traders use triangle formations.

On a Forex chart, there are various kinds of triangles that can be seen.
So you should know the difference between the formations before you jump into triangle trading.
Now we are going to take a closer look at the different trends of the triangle chart and the associated trade setups.
Above all if you are armed with this knowledge, you should be able to add your trade setup arsenal to a triangle trading strategy.

Ascending Triangle Pattern Forex / How to trade triangle pattern forex:

This pattern of the triangle has its flat upper side and ascending the lower one.
For example the tops of this triangle are on the same level in this way, and the bottoms are rising.
Typically, this sort of triangle has a bullish character.
So you should be prepared to capture a bullish price change equal to at least the size of the triangle.
When you spot this triangle on the chart.
And breakouts through the upper level are used in this manner to set entry points for long positions.

For example this is the shape of an ascending triangle pattern chart:

How to trade triangle pattern forex?

Descending Triangle Pattern / How to trade triangle pattern forex:

The ascending and descending triangles are, as noted earlier, a mirror opposite of each other.
As such, it has the opposite feature of the descending triangle pattern.
Below the market action, the flat side of the descending triangle.
For example the triangle’s upper side is bent downwards.
So the downward triangle has a bearish potential equal to at least the size of the trend in a bearish market.
The descending triangle is then used to open short positions after its lower (flat) side has been broken by the price.
This is the shape of a descending triangle pattern chart:

How to trade triangle pattern forex?

Want to become Success Forex Trader?

If you are a beginner trader and to become a good professional forex trader. The Forex Scalper teaches you the best scalping trading strategy using supply and demand zones which is already traded and tested by thousands of TFS members and performs daily trades.

To become profitable from Beginner Trader and most successful Scalping trader in Supply and Demand
Join THEFOREXSCALPERS and trade with 3500+ community traders with daily analysis and educations which boosts your trading skills make you Professional Forex Market Trader.

JOIN HERE TFS COMMUNITY

======================
Results – Instagram
====================== 
Forex Trading

Looking for a Trusted Regulated Broker?

TheForexScalper recommends you join ICMARKET which is regulated and the most trusted broker.
They provide very tight raw spread account with fast execution and having multiples deposit and withdrawal options.

Join IC Market

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