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Domedigita
Finance

Take the Confusion Out of Forex Trading

by James HornsFebruary 12, 2023061
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The Basics of Forex Trading { e.preventDefault(); Mntl.utilities.loadExternalJS( externalJS , () => { Mntl.CMP.onSdkLoaded(() => { OneTrust.ToggleInfoDisplay(); }) }); }, { once: true }); }); Mntl.CMP.init(true, ‘ccpa’, false, 3000); })(); window.Mntl = window.Mntl || {}; Mntl.RTB = Mntl.RTB || {}; Mntl.RTB.setTaxonomyStampValues({“tax1″:”bal_investing”,”tax2″:”bal_trading”,”tax0″:”bal_root”,”tax3″:”bal_forex-trading”}); Mntl.RTB.setTimeoutLength([500,800]); Mntl.RTB.Plugins.amazon.amazonConfigs = {“mapTaxValues”:{“tax1″:”bal_investing”,”tax2″:”bal_trading”,”si_section”:”bal_trading”,”tax0″:”bal_root”,”tax3″:”bal_forex-trading”},”mapFBValues”:{“adunitid”:”mapFBID”},”amazonSlotName”:false,”amazonSection”:”Forex Trading “}; Mntl.RTB.initVideoBidders([{ type: ‘amazon’, id: ‘3446’ }, { type: ‘prebid’, id: ‘true’ } ]); Mntl.RTB.initDisplayAndOutstreamBidders([{ type: “amazon”, id: ‘3446’},{ type: “lotameLightning”, id: ‘true’},{ type: “ixid”, id: ‘true’},{ type: “prebid”, id: ‘true’}]); 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Mntl.fnUtilities.deepExtend({}, { pos: ‘atf’, priority: 0 ,floor_id: ‘707008a7f84d404f8e51ed384d6ea714′ ,floor: ’50’ }) }); initialSlots.push({ config: { id: ‘leaderboard-flex-1’, sizes: [[728, 90], [970,90], [970, 250]], type: ‘leaderboard’, rtb: true, timedRefresh: 0, waitForThirdParty: false }, targeting: Mntl.fnUtilities.deepExtend({}, { pos: ‘atf’, priority: 1 ,floor_id: ‘af9dbf0277fc4056919ee31d3e648e8b’ ,floor: ’70’ }) }); initialSlots.push({ config: { id: ‘button1’, sizes: [[120, 60]], type: ‘button’, rtb: false, timedRefresh: 0, waitForThirdParty: false }, targeting: Mntl.fnUtilities.deepExtend({}, { pos: ‘button1’, priority: 2 }) }); initialSlots.push({ config: { id: ‘button2’, sizes: [[120, 60]], type: ‘button’, rtb: false, timedRefresh: 0, waitForThirdParty: false }, targeting: Mntl.fnUtilities.deepExtend({}, { pos: ‘button2’, priority: 2 }) }); initialSlots.push({ config: { id: ‘button3’, sizes: [[120, 60]], type: ‘button’, rtb: false, timedRefresh: 0, waitForThirdParty: 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publisherProvidedId: ’65d0c2e0-ecb5-4827-8b54-5b5995188bb4′, singleRequest: false, useLmdFormat: true, useOxygen: true, useInfiniteRightRail: true, bundlePrebid: false, lmdSiteCode: ‘thebalancemoney’, pageTargeting, baseSlotTargeting, geo: { isInEurope: false, isInUsa: true }, initialSlots, utils: { generateSlotId: Money.GPT.generateSlotId }, displayOnScroll: false, displayOnConsent: true }; if (Mntl.AdMetrics) { Mntl.AdMetrics.init(“1031015”, “n5a14d586857f4097b8bbb4b7e7c9c81a17″, initialSlots.map(slot => slot.config.id), Date.now()); } else { Mntl.AdMetrics = { pushMetrics: () => {} }; } Mntl.GPT.init(options); }());// moved from gtm.ftl so we can initialize GTM only onLoad. 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There are forex exchanges all around the world, so forex trades 24 hours per day throughout the week. The forex market opens at 5 p.m. EST on Sunday, and it closes at 5 p.m. EST on Friday.” } } , { “@type”: “Question”, “name”: “What is “spread” in forex?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “

“Spread” usually refers to the difference between the bid (buying) price and the ask (selling) price. Brokers will pocket some of that difference as a way of profiting from the trades that they help execute. The more liquid and stable a currency pair is, the less of a spread there will be. Highly volatile pairs with less liquidity will have wider spreads.

“Spread trading” can also refer to a strategy in which you simultaneously place similar long and short trades. This allows you to take a slightly bearish or slightly bullish position that limits both your losses and potential upside.” } } , { “@type”: “Question”, “name”: “What is “scalping” in forex trading?”, “acceptedAnswer”: { “@type”: “Answer”, “text”: “

“Scalping” refers to the shortest trading time frame. It's a strategy that can be used in any market, whether it's forex, stocks, or futures. Scalpers exit a trade almost immediately after the trade becomes profitable. This typically only takes a matter of minutes or even seconds.” } } ] } ] } ]]]>

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