About: lishitong
Recent Posts by lishitong
Going Long or Going Short
Going long or going short is just trader lingo for buying or selling.As long as you remember LONG = BUY and SHORT = SELL then you’re half way there.The next bit is a bit trickier… When to go Long and when to go Short in FX“Going long” in FX terms is buying the base currency and selling the quote currency.Continue Reading
Written on December 28, 2020 at 6:31 am
Categories: What is Forex
Watch Your Pips Grow into a Lot More
You’ve probably heard them a million times; “PIPs” and “LOTs” may be little but in the trading world they’re a BIG thing. You won’t understand trading until you understand them. What the pip!？ PIP stands for “percentage in point” and is the smallest possible increment in a quote. Example: GBP/USD has a rate of 1.5696 aContinue Reading
Written on December 28, 2020 at 6:26 am
Categories: What is Forex
How Much is a Lot
One of the first concepts you need to understand as part of your Forex trading training are standard lots and micro lots; what are they and what’s the difference between them？ What is a Forex lot？ A standard forex lot is equal to 100,000 of the base currency so in the case of EUR/USD isContinue Reading
Written on December 28, 2020 at 6:17 am
Categories: What is Forex
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