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Clark Kenneth

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  1. Hi, thank you for asking! Pip, or short “Point in Percentage” represents the change in currency pair in Forex exchange. Pip is the smallest amount by which a currency can change. It is usually 1/100th of 1%. The importance of a pip is to understand the effect of its change in a single currency pair. For example in the EUR/USD pair is pip changes in favor of USD, you can buy more Euros for fewer dollars.
  2. Hi, I would like to learn about the margin in Forex.
  3. Hi, I would like to know how to trade gold in Forex?
  4. Hello, thank you for your question! Traders tend to act according to the market’s sentiment and according to their expectations. Therefore, they may “go long” or “go short” with their positions. A long position means that the trader expects that an underlying value of the asset will gain. For example, he buys the USD/JPY currency pair, therefore he expects the US Dollar to appreciate against the Japanese Yen. A short position means quite contrary to the long position, in this case, traders expect from an asset to lose in value, therefore they sell it. Using the same example, USD/JPY traders sell the greenback in order to buy the Yen.
  5. Hello, I would like to know about the indicators when swing trading.
  6. Hello, thanks for asking! When setting up your Crypto wallet first it is important to choose a type of wallet, will it be hardware, desktop, or mobile. After this, you buy it or download it. Then you install the required software, which when set up will offer you to set up your account and security features. Then you can deposit your cryptocurrency. Hardware wallet offers you the most protection because it is offline, but it requires the most time to set up, mobile comes second, and desktop is last. They all offer different types of advantages and disadvantages, which you should consider according to the cryptocurrency you will be using.
  7. Hi, thanks for asking! When trading currencies in Forex, you can opt to trade in major currencies, minor and exotic ones. All of them offer specific benefits and carry risks that you should be aware of. Major currencies, or the so-called majors, are combinations of major currencies traded in Forex, and these are EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, USD/CHF, USD/CAD. And all of them together combine for around 70% in overall currencies traded in Forex. The best and most profitable pair being EUR/USD which has the lowest spread, highest volume of trade, and highest popularity. The benefits of trading this pair is that there is high transparency connected to these two currencies, as the trades and economic endeavors of the European Union and the United States are the most transparent and because of this, it is easier to predict their future trends. As being the most popular pair, this means that these currencies are also characterized by high liquidity which means they are easy to offload. In Asia, the most popular pair is the pair of the U.S. dollar and Japanese yen (USD/JPY), which has high liquidity on the Asian market and high volatility.
  8. Hello, thanks for asking! Forex trading is really easy to learn, but hard to master. In the beginning, all that is required is to know how to operate the interface of the Forex website or application and to learn how to read the charts and follow the trends. Mastery takes time and experience, which comes from the years of trading.
  9. Hello, thanks for asking! There are several main differences between equities and stocks, which are based on a number of facts such as trading on stock exchanges, public participation, price fluctuation, value, disclosure in the balance sheet, listing on the stock exchanges, and actions at the times of acquisition or merger.
  10. Hello, thanks for asking! Forex trading is not illegal in any country, it is only more regulated in some countries than it is in others. There is an issue of Forex trading being legal by religious standards, more specifically, by Sharia law in Islam, which prohibits any kind of interest and leverage when trading, but that has been resolved, by removing those components for Forex trading in Muslim countries.
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